Khalfan Belhoul
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- Milken Institute41 min
Fostering Global Connectivity and Economic Growth | Global Conference 2024
Diane Brady, Manar Al Moneef, Mohammed Al Sowaidi, Sarah Al Suhaimi, Khalfan Belhoul, Dina Powell McCormick
A high-level panel of regional leaders and investors highlighted how GCC economies have achieved significant geopolitical resilience and economic diversification, evidenced by Saudi Arabia's stock market outperforming global emerging indices and non-oil sectors now comprising half the national GDP. The discussion detailed massive execution on strategic projects like NEOM, which is rapidly developing renewable energy infrastructure and a vertical city while fostering a robust startup ecosystem supported by agile regulatory sandboxes. Experts concluded that a youthful demographic and Vision 2030 reforms are driving a structural transformation that positions the region as a dominant investment hub despite external security challenges.