Saudi Arabia is among the top contenders to be the region's financial centre. But it must open up its economy to possible foreign investors to realize its vision to become a financial centre. It likewise needs to invest in education and related training so to make sure that the next generation has the skills to fill the jobs in the future.
Dubai was singled out as a major regional success story that, with no oil or gas resources of its own, has managed to achieve success by opening up and building an economy based on ideas and services.
While rising oil prices are a windfall to crude producing countries, a number of countries in the region are not producers, and it was pointed out that these governments need to pay special attention to the needs of their populations.
"Dubai should be able continue it's growth spurt into the next decade", said Roberto Rodrigues of Solvay Financial.
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