Sixth Arabian Business Forum highlights
With a theme of 'Going Global', the 6th Arabian Business Forum focuses on how Arab companies can grow and compete on the global stage.
Andrew Neill, chairman of ITP Group, hosted the successful sixth edition of the Arabian Business Forum held at the Armani Hotel. Held at Dubai's Armani hotel yesterday, with the theme of ‘Going Global’, heading the bill was Fahd Al Rasheed, the CEO and managing director of King Abdullah Economic City in Saudi Arabia. As head of the biggest project in the Gulf, Al Rasheed said he was aiming to create 12,000 jobs and is looking outside of the kingdom to attract investment. Colm McLoughlin, the executive vice chairman of Dubai Duty Free, has grown the company from the ground up since he moved to Dubai in the 1980s. Now the largest duty free operation in the world, he outlined how he is planning to make the company even bigger. Resilience is key trait for sustained growth and Adel Ali outlined that many thought he would fail when he set about establishing the Middle East’s first low-cost carrier. Saad Al Barrak, former head of Kuwaiti telco Zain, outlined how competition at home forced the firm to look overseas and expand into nearly two dozen markets. "Today, private enterprise is under attack - we're in the business of greed and maximising shareholder value," said Aramex founder and CEO Fadi Ghandour, doing his best Gordon Gekko impression, when talking about sustainability. "Sustainability is not about doing projects, it's about building relations with your community, and thus building shareholder value." The Sixth Arabian Business Forum was attended by a number of leaders from varied sectors of business, such as transport, media, finance and hospitality. The forum and the speakers who have shared valuable insights throughout the day were well received by the audience. Alex Andarakis, founder, Andarakis Advisory Services, shared his ideas on marketing strategies and campaigns. Nesreen Srouji, director, private equity of Standard Chartered, explained her points on raising capital to fuel growth. (from left to right) Nesreen Srouji, Azhar Zafar, Tamer Bazzari, and Andrew Tarbuck gave their insights on t he panel discussion.