اخبار محلية Conferences in the Wind of Crises: The Repercussions of Security Tension on the Saudi Business Sector

اليكم الان Conferences in the Wind of Crises: The Repercussions of Security Tension on the Saudi Business Sector والان إلى التفاصيل من المصدر الخبر اليمني:

The business tourism, conferences, and exhibitions sector (MICE) is considered the fundamental pillar of the economic diversification strategies and attracting major foreign investments inside Saudi Arabia.Follow-ups — Al-Khabar Al-Yemeni:This sector has been completely blown up after the continuation of the regional tensions and the military threats and the drone and missile attacks that the Ansar Allah group launches on the vital facilities and airports, casting heavy shadows on this vital sector, which threatens the environment of stability required by the major international companies to implement their projects and expansion plans inside Saudi Arabia.In this context, the security fears were directly reflected on the movement of commercial delegations, where the senior managements of transnational companies impose strict restrictions on the travel of their executive officials and employees to the areas of escalation. This caution, along with the rise in international insurance costs and the disruption of commercial flight schedules, has led to the postponement or rescheduling of many major economic exhibitions and forums on which the main cities such as Riyadh and Jeddah were relying to consolidate their position as leading financial and global centers.Although the business sector has resorted to digital and virtual solutions as a temporary alternative to preserve the channels of professional communication, these alternatives lack the real value of direct networking and concluding strategic deals face to face. The complete recovery of this sensitive sector remains dependent on calming the regional security conditions and fully securing the airspace and facilities, to ensure the return of the wheel of investment and major events to rotation at its usual full capacity.

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