Saudi Economist Appointed Visiting Scholar at Stanford University

Dr. Khalid Alsweilem (Asharq Al-Awsat)
Dr. Khalid Alsweilem (Asharq Al-Awsat)
TT

Saudi Economist Appointed Visiting Scholar at Stanford University

Dr. Khalid Alsweilem (Asharq Al-Awsat)
Dr. Khalid Alsweilem (Asharq Al-Awsat)

The prestigious Stanford University has recently announced appointing a Saudi economist and investment expert as a visiting scholar.

Stanford Center for Sustainable Development and Global Competitiveness (SDGC) and Stanford Long Term Investing (SLTI) said they are pleased to welcome Dr. Khalid Alsweilem, PhD, as a Visiting Scholar to Stanford.

His research focuses on the study of sovereign wealth funds, with a particular focus on Saudi Arabia’s reserve sovereign funds and their links to the real economy, the University wrote on its official website.

His current efforts complement the theoretical work he did at Harvard’s Department of Economics on portfolio theory approach to public finance in Saudi Arabia and its application to his work as Director General of Investment Department and Chief Investment Officer of the Saudi Arabian Monetary Agency (SAMA) during the past 30 years. SAMA is the Kingdom’s Central Bank.

Dr. Alsweilem has published numerous scholarly pieces focused on the connection between sovereign wealth and the “real economy.”

His most recent book, dubbed “Sovereign Wealth Funds in Resource Economies” was co-authored with Malan Rietveld, Fellow at the Center for International Development at Harvard University, and published in 2018 by Columbia University Press.

The San Francisco-based University is one of the world’s most important universities that have been operating for over a decade. It was credited with technical progress, as it started from its laboratories at the Silicon Valley in the 1960s.

Dr. Alsweilem is a former Fellow at the Belfer Center for Science and International Affairs, Harvard Kennedy School of Government.

He was a lead author for three major papers on sovereign funds models and institutions that were published as joint reports by the Belfer Center for Science and International affairs and the Center for International Development at Harvard.

He is currently working at the Massachusetts Institute of Technology’s Golub Center for Finance and Policy (GCFP).



Al-Khorayef Invites Chinese Companies to Invest in Saudi Industries

The Saudi Minister of Industry and Mineral Resources invited Chinese companies to invest in promising industrial sectors in Saudi Arabia. SPA
The Saudi Minister of Industry and Mineral Resources invited Chinese companies to invest in promising industrial sectors in Saudi Arabia. SPA
TT

Al-Khorayef Invites Chinese Companies to Invest in Saudi Industries

The Saudi Minister of Industry and Mineral Resources invited Chinese companies to invest in promising industrial sectors in Saudi Arabia. SPA
The Saudi Minister of Industry and Mineral Resources invited Chinese companies to invest in promising industrial sectors in Saudi Arabia. SPA

Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef invited Chinese companies to invest in promising industrial sectors highlighted by the National Industrial Strategy.

Such sectors include the automotive, food, pharmaceutical, and aviation industries. He extended this invitation during a roundtable meeting organized by the Federation of Chambers of Commerce in Guangzhou as part of his visit to China.

Al-Khorayef provided an overview of the capabilities, incentives, and services that the Kingdom offers to industrial investors. These include developed industrial lands, industrial financing, workforce training, and incentives for specific target industries. Additionally, the country gives preference to local products in government purchases.
"We are looking for companies that can help us boost investment in key industrial sectors that are essential for the Kingdom. These include automotive, aviation, food, pharmaceutical, machinery, equipment, and renewable energy industries. We also aim to develop supply chains for buses, trucks, and light-duty vehicles, as the demand for these is expected to rise in the upcoming years,” the minister said.

He praised the strong relationship between the Kingdom and China and affirmed Saudi Arabia’s desire to enhance its economic partnership with China, particularly in the industrial and mining sectors, as part of its efforts to diversify the economy.

The meeting was attended by Saudi Industry and Mineral Resources Assistant Minister for Planning and Development Dr. Abdullah Al-Ahmari, National Industrial Development Center (NIDC) Chief Executive Eng. Saleh Al-Sulami, and Saudi Authority for Industrial Cities and Technology Zones (MODON) Chief Executive Eng. Majid Al-Argoubi.