|05 February, 2020

Saudi telecom company (Stc), Fawaz Al Hokair Group, visa, and microsoft PARTNER wTIH the Retail Leaders Circle MENA 2020 Summit

With Chalhoub Group as platinum partner, and Facebook, Granadia Center and Kinan as gold partners.

Saudi telecom company (Stc), Fawaz Al Hokair Group, visa, and microsoft PARTNER wTIH the Retail Leaders Circle MENA 2020 Summit

Riyadh, KSA: Retail Leaders Circle, the prestigious international organization that brings together powerful industry leaders, innovators and decision-makers, has announced multiple entities as key partners for the Sixth Edition of Retail Leaders Circle (RLC) MENA Summit. The event will take place on 10-11 February 2020, under the patronage of His Excellency Dr. Majid bin Abdullah Al-Qasabi, Minister of Commerce and Investment.

Joining the 2020 Summit as headline partners is the Saudi Telecom Company (STC), the retail conglomerate, Fawaz Al Hokair Group, the world's leader in digital payments, Visa, along with the multinational technology corporation, Microsoft.

Thamer AlHarbi, President at Microsoft Arabia:

“Digital transformation has disrupted industries globally, and the retail sector in the region has great growth potential in the digital sphere. We are pleased to be partnering with a the most powerful industry event that will assist retailers and enable them to address the challenges facing the retail sector in the region and highlighting the value of e-commerce,.”

Commenting on the partnership, Madhur Mehra, Visa’s Head of Merchant Sales and Acquiring - MENA, said:

“The MENA region is undergoing a remarkable digital transformation with countries like Saudi Arabia and UAE accelerating digitization efforts as part of their economic development agendas. High smartphone penetration rates and technologically savvy millennials seeking hyper-personalized shopping experiences and seamless payments are driving demand for a better alternative to cash such as contactless payments. It is critical, therefore, for merchants to enhance their digital payment proposition if they want to grow their business. The Retail Leaders Circle MENA Summit is a valuable platform for Visa to collaborate with the merchant community and our government partners in advancing digital commerce and sharing insights into the exciting growth opportunities in the region.”

As part of shaping the future of retail and commerce, the exclusive summit is working closely with the leaders of the retail industry, including the luxury powerhouse Chalhoub Group, who is a platinum partner at the event.

Patrick Chalhoub, CEO of Chalhoub Group, also commented: “Chalhoub Group is delighted to support the Retail Leaders Circle MENA Summit taking place in Riyadh, a fast-growing retail market with a strong presence of leading local, regional and international brands. The Kingdom is a distinguished place to host this exclusive event when Saudi Arabia's retail sector is witnessing exponential growth and has become a significant contributor to the economic development. We are working hard at Chalhoub Group to be the leading luxury player in KSA by shaping the retail market and serving all aspirational consumers.”

The Retail Leaders Circle MENA Summit brings together a community of industry leaders dedicated to developing insights on the state of the retail industry in the region. In doing so, key consultancies including, PwC, Mckinsey & Company, have committed to partnering with the event as knowledge partners to share their expertise to advance the retail sector.

“As one of the region’s most significant annual meetings, we are pleased to be partnering with such esteemed global and regional key industry leaders, who are helping us shape the future retail agenda,” commented Panos Linardos, Chairman of Retail Leaders Circle. “Our distinguished partners highlight the scale of the Summit and the breadth of insight the event will bring to the retail sector in the region, deep diving on the impact of the retail industry in the overall economic growth of the market.”

Hosted in Riyadh for the first time, the Retail Leaders Circle Summit is set to highlight the Kingdom’s plans to become a leading business, investment and retail destination, in line with Vision 2030 goals to diversify the economy, prioritise ease of doing business and attract direct and value-added foreign investments.

Gold Partners include Facebook, Granada Center and Kinan.

Silver Partners include BinDawood Holding, Red Sea Mall, Sahat and Axis Communications

The Retail Leaders Circle MENA Summit 2020 will host more than 50 speakers, as well as experts and policy makers, to discuss and examine the changing regional retail landscape, best practices to catalyse growth action through deep dive thoughts leadership and strategic moves.

For more information, visit http://retailleaderscircle.com/mena/ 

-Ends –

About Retail Leaders Circle:

Retail Leaders Circle (RLC) is an international platform, powered by the NYIM, for expert-led debate between CEOs, industry innovators and influencers with the power to shape the future of the retail agenda. It is focused on inspiring leaders to think collectively and creatively about disruptive intersections between industry and innovation, with the goal of promoting and catalysing growth development and partnership. Over the course of each year and across the US, Middle East, and Asia, RLC is producing powerful and inclusive convenings that elevate voices and perspectives across all retail to advance critical conversations around industry’s most pressing topics.

About INVEST SAUDI:

INVEST SAUDI is the national investment promotion brand and platform, providing insights into the value propositions for targeted investment sectors within the Kingdom. In line with Vision 2030, Saudi Arabia aims to become a leading investment destination through diversifying its economy across different sectors. To learn more, please visit InvestSaudi.sa. 

For more information, please contact:
Lina Outri / Alba Oliveras
Four Communications
+971559416415/ +971 555630212
RetailLeadersCircle@FourCommunications.com 

© Press Release 2020

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