Financing growth and providing quality infrastructure
A well-functioning infrastructure is crucial for any economy, keeping transportation costs low and connecting a country’s economy to the world. In the upcoming decades however, the global infrastructure gap may rise to trillions of dollars, reflecting a large gap between projected and required investment.
Financing this infrastructure will require new approaches, including adopting innovative financing models and improving policy and regulatory frameworks towards an enabling environment.
Moreover, the financial industry continues to face challenges related to digitalization (including the integration of FinTech and blockchain) and the regulatory environment.
The “Finance & Infrastructure” taskforce touches upon these topics, focusing on key challenges of the financial industry and the financing aspects of quality infrastructure.
Rayan Fayez has been Managing Director and CEO of Banque Saudi Fransi (BSF) since February 2018. Prior to this, he was the CEO of Savola Group (2016–18), Managing Director, and Saudi Arabia Senior Country Officer at J.P. Morgan, and held positions at Goldman Sachs’ Saudi and London offices. He started his career at J.P. Morgan’s Natural Resources Investment Banking team in New York.
Mr. Fayez is a member of the boards of the Saudi Stock Exchange (Tadawul), Hassana Investment Company, Human Resource Development Fund (HRDF), and Saudi Agricultural and Livestock Investment Company (SALIC), and a member of the World Economic Forum’s Young Global Leaders.
He holds a bachelor’s degree in mechanical engineering from the Massachusetts Institute of Technology (MIT), US.
Mohammed Alsheikh – Head of Retail Banking Group, Banque Saudi Fransi
Timothy Adams – President and CEO, IIF (USA)
José Manuel González Páramo – Head of Global Economics & Public Affairs, BBVA (Spain)
Makoto Takashima – CEO, Sumitomo Mitsui Banking Corporation (Japan)
Zhang Xiaolun – Chairman, Sinomach (China)
Nonkululeko Nyembezi – Chairman, JSE Limited (South Africa)