Under the Patronage of His Excellency Khalid Al RumaihiH.E Khalid Al Rumaihi Chief Executive, Economic Development Board H.E. Mohammed Al Qaed Chief Executive, Information & eGovernment

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Working together for a sustainable future

Under the Patronage of His Excellency

Khalid Al RumaihiChief Executive of the Bahrain Economic Development Board (EDB)


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Economic Diversification Forum

WELCOME

H.E. Khalid Al RumaihiChief Executive, Economic Development Board

Dr. Ahmed Al-Mutawa Chairman, Khaleeji Commercial Bank

Dr. Ahmed Al ShaikhDirector, Bahrain Institute of Banking & Finance

“We are pleased to welcome you all to the KHCB’s Economic Diversification Forum under the theme of ‘Working Together for a Sustainable Future’. Where we will be dedicating two full days to focus on the economic diversification of the economy of our beloved country.”

“We are delighted to be involved with an event on such an important topic. Our future prosperity depends upon our ability to continue to diversify our economy – and in order to do that we need to be able to create a supportive business environment in which the private sector can thrive. I look forward to the event and to hearing more from companies and entrepreneurs about what more we can do to meet their needs going forward.”

“Amidst a current economic market structure comes exciting potential for growth and change that is without doubt around the corner. We’ve brought in the top tier experts to deliver an exciting wide range of topics from Bahrain and abroad to benefit the human capital of Bahrain. “

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ABOUT THE ECONOMIC DIVERSIFICATION FORUMEconomic diversification is one of the fundamental concentrations which we have witnessed in countries with economic stability. To diversify the economy of a country would mean to focus on more than one product in the market. Policymakers worldwide should work to achieve greater economic diversification, in order to reduce the impact of external events and foster more robust, resilient growth over the long term. Not only must a country’s gross domestic product (GDP) be balanced among sectors, but key elements of its economy must be varied, flexible, and readily applicable to a variety of economic opportunities, and areas of

overconcentration must continually be identified.The two day Economic Diversification Forum organized by the Khaleeji Commercial Bank and the BIBF focuses on ensuring that the Kingdom adapts to the new economic realities. The forum’s objective is to fill in the knowledge gap in relation to the need for economic diversification in Bahrain by bringing in experts internationally and locally to deliver sessions and participate in intriguing panel discussions. Economic diversification is vital to ensure the country as a whole is not heavily affected by factors which would result in a market crash.

WHYATTEND THE ECONOMIC DIVERSIFICATION FORUM?

High Level Topics Relevant to Bahrain’s

Economy

Local & International Industry Experts

Focusing on multiple sectors in Bahrain

Expert LevelPanel Discussions

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FORUM COMMITTEE

Mohammed Abdulla Chairman

Faisal MohamedCommittee Member

Fatema Al Bin AliCommittee Member

Soubah Al ZayaniCommittee Member

Ahmed NaeemiProject Manager

Maryam MajedCommittee Member

Dalal Hussain Committee Member

Hala KarmustajiCommittee Member

Amal Al SoraniCommittee Member

HOWIS ECONOMIC DIVERSIFICATION CRUCIAL TO OUR ECONOMY?

One of the primary benefits of diversification is that a diversified economy helps support multiple businesses within it. For example, large offices require office supply stores. Construction companies require lumber yards. Families require grocery stores, etc. A diversified economy creates a sustainable cycle of economic activity where businesses continually feed off of one another and grow larger as the economy grows.

As more and more businesses open their doors, it leads to the growth of supporting industries. More people in a community? That means more daycare centres, schools, construction companies, and

paediatrician, etc. A diversified economy opens the doors for providing the goods and services a growing community needs. The greater the needs, the greater the opportunities to fulfill them. As the economy expands and more businesses within each tier open their doors, the stronger this support network becomes. As the network grows and expands it creates additional room for similar sized businesses to find a niche within the economy that needs to be filled. This can help small businesses grow larger as they open additional storefronts within the community.

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Faisal MohamedCommittee Member

Fatema Al Bin AliCommittee Member

Hala KarmustajiCommittee Member

MEET THE FORUM EXPERTS

H.E. Mohammed Al Qaed Information & eGovernment Authority

Dr. Jarmo Kotilaine Economic Development Board

Dr. Samer Al Jishi BFG International

Dr. Dawood Nassif The Bahrain Petroleum Company & Gulf Air

Mr. Kalbir Sohi Drie

Mr. Abdulkarim Bucheery Khaleeji Commercial Bank

Dr. Khalid Abdulla Eskan Bank

Mr. Mohammed Al BinfalahBahrain Airport Company

Mr. Abdulelah AlQassimi Former Tamkeen Chief Executive

H.E. Shaikh Khaled Bin Humood Al KhalifaBahrain Authority for Tourism and Exhibitions

Mr. Sattam Algosaibi Bahrain Development Bank

Ms. Afnan Al Zayani Al Zayani Commercial Services

Dr. Corrie Block Paragon Consulting

AND MANY MORE...

Mr. Abdulhakeem Al-Khayyat Kuwait Finance House

Dr. Jawaher Al-Mudhahki Education and Training Quality Authority (BQA)

Dr. Omar Al-Ubaydli Bahrain Center for Strategic, International and Energy Studies (Derasat)

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19 NOVEMBER 2017 - SESSIONS

8:30 AM – 9:00 AM

9:00 AM – 9:10 AM

9:10 AM – 9:20 AM

Networking & Registration

Welcome Speech

Session 1: Development Strategy - Opportunities & Limitations that Face our Country

Panel Discussion: Is it crucial for a country to be economically diversified to survive?

Lunch

Dr. Ahmed Al-Mutawa Chairman, Khaleeji Commercial Bank

H.E Khalid Al Rumaihi Chief Executive, Economic Development Board

H.E. Mohammed Al Qaed Chief Executive, Information & eGovernment Authority

H.E. Shaikh Khaled Bin Humood Al Khalifa Chief Executive Officer, Bahrain Authority for Tourism and Exhibitions

Mr. Abdulkarim BucheeryVice Chairman, Khaleeji Commercial Bank

Mr. Mohammed Al Binfalah Chief Executive Officer, Bahrain Airport Company

Mr. Abdulhakeem Al-KhayyatManaging Director & CEO, Kuwait Finance House

Dr. Dawood NassifBoard Member of Bapco and Gulf Air

Dr. Jawaher Al-Mudhahki Chief Executive, Education & Training Quality Authority

Moderator - Dr. Jarmo KotilaineChief Economist – Market & Strategy Intelligence, Economic Development Board

Awards10:40 AM – 11:00 AM

9:20 AM – 10:40 AM

Coffee Break11:00 AM – 11:20 AM

11:20 AM – 12:05 PMDr. Jarmo KotilaineChief Economist – Market & Strategy Intelligence, Economic Development Board

Economic Development Board Opening Speech

12:05 PM – 12:50 PM

Session 2: How New Forms of the Economy are Created & Managed – The Road to Sustainability

Dr. Corrie J. Block Strategic Management and Corporate Governance, Paragon Consulting

Session 3: The Wichita Economic Diversification Case Study

12:50 PM – 1:35 PM

1:35 PM – 2:35 PM

Mr. James ChungPresidentReach Advisors

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20 NOVEMBER 2017 - SESSIONS

9:00 AM – 9:45 AMSession 1: The Impact of Dynamic Related Diversification on the Multi Business Firms

Session 2: How Investment in Technology Underpins Economic Diversity

Closing Speech

Lunch

Panel Discussion: Innovate or Die – How true is this statement for the SME market?

Coffee Break

Dr. Samer AljishiPresident, BFG International

Mr. Kalbir SohiCo-Founder & CEO, Drie (UK)

Khaleeji Commercial Bank

Dr. Khalid Abdulla General Manager, Eskan Bank

Mr. Abdulelah AlQassimi Former Chief Executive, Tamkeen

Mr. Sattam Algosaibi Chief Executive Officer, Bahrain Development Bank

Dr. Samer AlJishi President, BFG International

Ms. Afnan Al Zayani Owner, Al Zayani Commercial Services

9:45 AM – 10:30 AM

10:30 AM – 11:00 AM10:30 AM – 11:00 AM

11:00 AM – 11:45 AMSession 3: Growing the Global Economy through SMEs

Dr. Omar Al-UbaydliProgram Director – International & Geo-Political Studies at the Bahrain Centre for Strategic, International & Energy Studies

11:45 AM – 12:45 PM

12:45 PM – 1:00 PM

1:00 PM – 2:00 PM

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THE VENUE

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Note: Attending the Forum is by invitation only. We are pleased to share with you this exclusive invite for the Economic Diversification Forum. Kindly confirm your attendance through contacting us on

http://edf.bibf.com

Documents

Under the Patronage of His Excellency Khalid Al RumaihiH.E Khalid Al Rumaihi Chief Executive, Economic Development Board H.E. Mohammed Al Qaed Chief Executive, Information & eGovernment