The fifth Law Conference recently took place in Riyadh’s King Abdullah Financial District, focusing on creating a legal environment for sustainable business. The event, titled “A Legal Environment for Sustainable Business,” aimed to highlight the importance of vocational training in boosting the tourism, investment, and sports sectors. Princess Haifa bint Mohammed Al-Saud, Saudi Arabia’s Vice Minister for Tourism, inaugurated the second day of the conference. The forum also explored the impact of contemporary legal advancements in shaping an appealing investment landscape aligned with Saudi Vision 2030.
Importance of Vocational Training in Bolstering Business and Investment Sectors
The conference shed light on the significance of vocational training in strengthening the business and investment sectors. By emphasizing the role of vocational training, the forum aimed to showcase how it can contribute to the overall growth and development of these industries. Princess Haifa expressed her appreciation to the organizers of the conference, including Saudi Justice Minister Walid Al-Samaani and Princess Hala bint Khalid bin Sultan Al-Saud, for their efforts in organizing such a valuable event.
Additionally, Princess Haifa highlighted the role of the new tourism system in supporting the progress of the sector and developing a legislative environment that aligns with its rapid growth. The National Tourism Strategy for 2019 set ambitious goals, and the sector has witnessed remarkable growth in recent years. The Kingdom has advanced in the index of international tourism revenues and achieved prestigious global positions in the growth rate of international tourism. This growth is a testament to the potential for further development in the sector.
Moreover, the conference promoted diverse and significant topics related to the legal framework for tourism and investment. Experts from various specialties were involved, ensuring a comprehensive exploration of relevant issues. The forum provided a platform for sharing knowledge and fostering collaboration among professionals in the legal field.