AlUla Conference highlights financial, economic challenges
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, participated in the AlUla Conference for Emerging Market Economies, held on February 16-17 in AlUla, Saudi Arabia.
Organised by the Saudi Ministry of Finance and the Regional Office of the International Monetary Fund (IMF) in Riyadh, the event brought together policymakers and economic experts to discuss financial and economic challenges at both regional and global levels, with a focus on policies aimed at fostering sustainable growth in emerging economies.
As part of the conference, Al Hussaini took part in a high-level roundtable discussion titled "Working Together to Support the Recovery of Middle Eastern Economies Post-Conflict."
The session was attended by representatives from the GCC, G7 nations, the IMF, the World Bank, the European Commission, and the Arab Coordination Group. The discussions touched on key challenges facing conflict-affected economies and explored strategies for fostering regional and international cooperation to support recovery efforts.
Throughout the conference, the minister attended several sessions that addressed the most significant economic challenges facing emerging markets and the global economy.
A key panel discussion themed "Emerging Markets Amid Structural Shifts in the World Economy," explored the challenges economic policymakers face amid global economic shifts.
Another, "High Debt-Low Fiscal Space—Fiscal Consolidation and Multilateral Solutions to Debt Restructuring," discussed the mechanisms to sustain public finances and tackle debt crises.
The session "Monetary Policy and Capital Flows Amid Elevated Uncertainty" discussed the effects of global monetary changes on investment and capital flows in emerging markets.
The event also included another session on "Productivity in EMDEs: Challenges and Opportunities," which discussed how to boost productivity for sustainable economic growth. Meanwhile, "Navigating Trade Tensions and Uncertainties" session addressed the risks posed by global trade disputes and their impact on supply chains and economic growth.
Additionally, the closing session, "A Path for Emerging Market Resilience, explored strategies to enhance financial stability and create financial systems that can endure crises.
His Excellency's participation is part of the UAE's commitment to enhancing its presence in international economic discussions and fostering strategic partnerships that contribute to financial and developmental stability both regionally and globally.
Meanwhile, KDK Company, a division of PES Japan and a trusted name in electrical fans and ventilation technology, has announced its participation at Big 5 Construct Saudi, one of the most important trade events in the region's construction industry.
KDK's attendance in the show, in partnership with Al Hakbani Group Trading Company, will highlight the brand's cutting-edge Indoor Air Quality (IAQ) solutions. With Saudi Arabia as its primary market, KDK's participation in the exhibit also aligns with its relentless efforts to put forward sustainable, advanced IAQ technologies driving a new era of the Kingdom's built environment.
Named after Kawakita Denki Kigyosha, KDK is a Japanese electrical engineering company, which was established in the year 1909 and has since created significant milestones in contributing to society through its air and wind technologies. KDK's strict compliance policy and Japan-standard quality assurance has helped build a strong reputation for the brand globally. KDK today primarily manufactures Electric Fans, as well as Ventilating Fans, Ceiling Fans, Air Curtains, Air Purifiers and Air Moving Equipment.
'We recognize the significance of Big 5 Construct Saudi for the industry, and its important role in supporting the Vision 2030 goals, makes us even more excited to be a part of the show. Since its founding in 1909, KDK has been leading the way in Indoor Air Quality innovation and has since been a cornerstone of the global IAQ industry with its 115-year legacy.
Throughout our history, we have been relentless in our pursuit to promote sustainable and comfortable life by creating a healthy living environment focused on indoor wellness,' Mr. Yasuhiro Kawasaki, General Manager, KDK Company commented.
'Our participation in this event provides a unique opportunity for us to connect with our customers, and share our latest advancements in IAQ. Joining forces with our long-time partner Al Hakbani Group Trading Company makes it even more special. Al Hakbani Group has been our partner for over 40 years and with their support, KDK has continued to maintain a leading position in the local market. Together, we will strive to strengthen our position in the Saudi market while boosting our efforts to promote a sustainable, energy-efficient and healthy indoor living environment in built spaces.'
Mr. Ahmed Abdulaziz S Alhagbani, Managing Director, Al Hakbani Group Trading Company, said: 'As we witness Saudi Arabia's incredible trajectory towards a new era of economic development, we are here to leverage our expertise, resources and wide market network for continued growth and new opportunities.
Our solid partnership with KDK – carrying its extensive portfolio of industry-leading IAQ solutions – has undoubtedly enhanced Al Hakbani Group's value proposition to customers. We have much to gain from close collaboration with KDK and we look forward to drive meaningful change by bringing our HVAC solutions to the forefront of construction innovation in order to advance building health, social sustainability and indoor air quality.'
With over 90 years in the Electro-Mechanical and HVAC business, Al Hakbani Group Trading Company has established itself as one of the leaders in the ventilation market. The company is highly regarded in the Kingdom for its services and superior portfolio of premium HVAC solutions.
Taking the spotlight at the KDK showcase at the event are its premium IAQ solutions, foremost of which is the 24CXH Ceiling-Mount Ventilating Fan with High Air Volume. The unique design of its HP (Half Pitch) motor incorporates with well-lubricated ball bearings, thus reducing temperature rise and prolonging motor lifetime, ensuring long-lasting durability. 24CXH's taper blade sirocco design effectively controls the turbulence surrounding the blade for a strong and smooth ventilation performance.
Moreover, there is the curve-shaped backdraft shutter that results in further improvement of air tightness and strength for top-notch performance and super low noise level operation.
Engineered with a durable metal frame and PP fan blades, this ventilating fan is built to last. This product's motor boasts an IPX2 rating with B insulation class. Certified by SASO, IEC, and AMCA, and proudly made in Vietnam, the 24CXH undeniably meets rigorous international standards.
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