\ JEF Archive 2002

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Summary Report


Now recognized as an international event attracting delegates from all around the world, the third Jeddah Economic Forum adopted the theme "Managing in a Complex Global Environment". For this year, the range of topics and panel discussions was considerably widened, covering subjects as various as: A Global and a Saudi Perspective for 2002; Tourism and Travel in Today's World; Is There a Safe Haven for Global Investors; Safeguarding the Global Financial System; Navigating the New Risk Landscape; Communications at a Time of Crisis; Redefining Corporate Social Responsibility; Energy in the New Global Economy; Global Economic Integration and Energy Market Stability; and Leadership in Times of Economic Crisis.
The three-day event was held January 19-21 and again was organized by JMB with MIT Sloan School of Management as the academic partner. With HRH Prince Abdul Majeed Bin Abdul Aziz, Governor of Makkah Region, honoring the event by officiating for the third year running, and former US President William Jefferson Clinton as the keynote speaker, the other leading dignitaries were the Crown Prince of Bahrain Sheikh Salman Bin Hamad Al Khalifa, HRH Prince Sultan Bin Salman Bin Abdul Aziz, Secretary General Saudi Arabia Supreme Council of Tourism, leading Saudi businessman HRH Prince Al Waleed Bin Talal, and Neil Bush, Chairman and CEO of IGNITE USA and brother of former US President George Bush Senior.

Among the distinguished participants, speakers and panelists were: HE Iyad Madani, Saudi Minister of Hajj; HE Dr. Hashim Abdullah Yamani, Ministry of Industry & Electricity; HE Osama Fakieh Saudi Minister of Commerce; Fawaz Alami, Saudi Deputy Minister of Commerce; Mohammed Abdou Yamani, former Minister of Information; Mohammed Al Jasser, Vice Governor Saudi Arabia Monetary Agency (SAMA); Mohammed Al Sabban, Advisor to the Ministry of Petroleum & Mineral Resources; Abdullah Zainal Alireza, Chairman Saudi Council for Chambers of Commerce; Amr Dabbagh, Chairman JMB and JEF; Ghassan Al Sulaiman, Vice Chairman of JCCI: and a select list of other most prominent Saudi business leaders and bankers.

Representing MIT Sloan School of Management was: Thomas W. Malone; Professor Erwin Schell; John Van Maanen; Professor Henry Jacoby; Professor Patrick J. McGovern; and Professor Donald J. Lessard. Other academic contributors were; Professor John Quelch, Senior Associate Dean, Harvard Business School; Donald McQuade, Vice Chancellor, University of California, Berkeley; A. Richard Newton, Dean of the College of Engineering, University of California, Berkeley; and Thomas Kalil, Special Assistant to the Chancellor for Science & Technology, University of California, Berkeley.

Leaders from organization and companies abroad included: Jean-Claude Baumgarten, President of the World Travel & Tourism Council; Robert Davies, CEO The Prince of Wales International Business Leaders Forum; and Chairmen, Presidents and CEOS from leading companies and organizations in Europe and the USA.

JEF 2002 partners were HRH Prince Al Waleed Bin Talal's Kingdom Holdings; National Commercial Bank (NCB); Saudi American Bank, Abdul Lateef Jameel Group (ALJ); Saudi Binladin Group; Saudi Cable Company; E.A. Juffali & Brothers; Dallah Al Baraka Group; Jeraisy Group; and Al Rajhi Commercial Foreign Exchange. Middle East Broadcasting Centre (MBC) was the official broadcaster and Saudi Research and Publishing Company (SRPC) was responsible for official publications.