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James Sproule welcomed the enormous opportunities that are available for business in the Gulf. Describing himself as an optimistic economist, Mr Sproule recognised that the UK was faced with huge challenges following the Brexit vote, but believed that the UK government had demonstrated a sense of purpose in order to make a success of the new situation for the country.

He speculated whether London would lose some of its status as a global financial centre and whether city-based H E Dr Yahya A Alyahya expressed the belief that economic reform was fundamental to the success of any economy. Structural reforms were regarded as key to stimulating growth especially since the onset of the financial crisis.

The Forum continued with five sessions devoted to specific topic. The distinguished chairs had all previously served as British government ministers. The first speaker, H E Marwan Al Sarkal, highlighted the priority sectors that Sharjah had targeted for growth and attracting investors; namely, travel and tourism, healthcare, transport and logistics, environment and energy efficiency. Professor Richard Murphy began by looking at how the petrodollar had shaped much of the world economy, but the economic benefits of using oil had not been without costs and fossil fuels would not last forever.

Prof Murphy urged more creative thinking among the top policy makers to create more opportunities for people to enable them to use their skills and talents. Rania Rizk explained that PepsiCo was investing in innovation and helping with job creation in the local markets and stressed that it would remain fully committed to investing in talent and innovation in the region in the future.

The final speaker, Oliver Cornock, believed that the private sector needed to take a larger part in the development of the new economy based on a thriving ICT sector. He opened the session by stating that youth entrepreneurship was a central issue facing all the GCC countries in their attempts to achieve future prosperity. First speaker, Lubna Qassim, began by remarking on the successful record of the UK in employment creation and compared this with the formidable employment challenge in the GCC.

She was keen to see more youths in the Gulf involved in either training or education. She believed that enterprise education needed to begin at school and the right teaching was essential to help unleash the talents of young people. The concluding speaker in this session, Professor William Scott-Jackson, addressed the question why the GCC needed to support young enterprise.

Nick Prior also explained that PPP gives a government access to finance not otherwise available in order to deliver these vital projects and this offers new opportunities for business. H E Khalid Al Zayani began by stating that trust was a crucial factor in the relations between the public and private sectors in the Gulf. Session chair Lord West began by posing the questions about how businesses are responding to the prospects of Britain withdrawing from the EU after over 40 years of membership and the impact on bilateral trade.

Brexit would also have a negative impact on the funding of research from EU sources and create obstacles for Europe-wide collaboration. He felt that the UK would be encouraged to take more steps to reach deals with the GCC and elsewhere around the world as a means of replacing its contacts with the EU.

Philip Wood stated that an incredible body of law had been accumulated over the past 45 years would need to be unravelled and that this would have an impact on both the UK and the EU. He was encouraged that the UK government appeared to be aware of the importance of this and was intending to focus on developing UK-Gulf relations.

She warmly thanked Dr Al-Shuaiby and her team for organising the very timely event. All the session chairs were thanked for expertly coordinating the discussions. The key sponsor PepsiCo was thanked for its vital support. The Red Sea region was another major natural resource that would be developed under the strategy by creating industrial zones and opening new seaports to attract industries to set up.

The Minister stressed that all these programmes open up major opportunities for investors in various sectors. The Minister responded to questions from delegates on an extensive range of issues. H E Dr Majid bin Abdullah Al-Qasabi delivered an extended presentation which explained how the Kingdom was moving towards a more diversified economy with a strategy that was motivated by recognition of the need to move away from oil dependency. The Kingdom was seeking to attract smart investment from leading global The Kingdom possessed substantial quantities of copper, gold, silver and other precious metals which had so far In conclusion, HRH the Ambassador remarked that the Kingdom was looking to the future and wished to develop closer relations with its key partners in the UK and western world.

Rt Hon Baroness Symons concluded the meeting by expressed thanks to the Ambassador and the Minister for participating in the informative discussion. The Kingdom of Saudi Arabia is a hugely important partner for the LSE and this meeting sent a strong message about the financial links between the UK and the Kingdom, and the importance of the Saudi economy on the global stage. Mr Rolet opened the meeting by briefing the ministerial delegation on the activities of the LSE. Mr Rolet applauded the Vision and hoped that London could leverage its expertise as a global financial centre to support the programme in terms of capital markets, regulation, skills, experience and technology.

The Minister agreed that the LSE had a role to play in working with the Kingdom and encouraged the LSE to visit the Kingdom to hold talks with all the relevant parties. By restoring the confidence of investors Tunisia could look to a more promising future, was the key message of the event.

It was an important emerging strategic market offering new opportunities for investors, she said. H E Nabil Ammar, the Ambassador of Tunisia to the UK, informed the delegates that the level of security in the country had improved enormously over the past 18 months and companies no longer needed to hold back and wait for stability. The Ambassador said that 3, foreign companies were already operating in the market including many from the UK. The Minister praised the political support that Tunisia had received as it navigated its successful transition to democracy but indicated that now was the time for to supplement that with economic support.

He wanted to emphasise that Tunisia was not looking for donors but for genuine partnerships with investors for mutual advantage. He said that a newly adopted investment law would fast track decisions and a new emergency economic law would help attract FDI.

A Development Plan will be unveiled at Tunisia giving details of the key infrastructure projects that were in need of investment. The appetite for innovation and IT showed that there were many similarities between the UK and Tunisia. Mr Mehdi Ben Abdallah, President of the Tunisian-British Chamber of Commerce, called on investors to discover the potential of Tunisia and pledged to assist companies seeking to enter the market.

He said that Tunisia was at a crossroads and was laying the basis for a prosperous future. But bilateral trade between Tunisia and the UK was well below its true potential and real commitment was needed to raise the levels of trade and investment.

Mr Ben Abdallah called on the UK authorities to look at the visa policy in order to ease the restrictions on Tunisian business travellers. The final speaker, Dr Slim Feriani, who had been appointed by Tunisia to act as the Special Economic Envoy to the UK, said it was a privilege to serve his country after having spent many years working in the UK. He said the one million Tunisians resident overseas wanted to help their country make a success of its transition.

Dr Feriani said that the Tunisia conference would be a showcase for the country to the world and urged as many business people as possible to take part. The conference will bring all the key players in the Tunisian economy together under one roof. He was greatly encouraged by the new government in Tunis which was made up of a new generation of young ministers determined to achieve their goals of stability and prosperity. It formed part of an international roadshow for the promotion of Tunisia Merancang keluarga mempunyai sensitiviti terhadap produk skin.

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