The 182nd G.I.L.C. Summit on July 11, 2024, was a landmark event for both new and veteran members. Esteemed investors and prominent leaders from single family offices joined innovative professionals across multiple sectors and finance enthusiasts from over ten countries. The three-hour session buzzed with energetic networking and robust discussions on pressing global issues and trends. Featuring more than 20 investment leaders from a broad spectrum of nations, the summit demonstrated its impact by highlighting the diverse expertise and viewpoints within this prestigious and exclusive forum.

What is happening in Saudi Arabia?

Gastón Bilder, Head of Legal at ENOWA, shared insights into the recent financial activities in Saudi Arabia, particularly emphasizing the significant borrowing and leveraging by the Saudi government. He highlighted that Saudi Arabia has managed to secure $33 billion in borrowing, positioning it as one of the highest borrowers in the global market, comparable to China. Additionally, Bilder noted that Saudi Aramco has issued its first bond since 2021, aiming to raise about $6 billion in U.S. debt. Moreover, the Saudi government has issued $12 billion in U.S.-demanded bonds this year. These financial maneuvers indicate a robust and active economic environment in Saudi Arabia, with numerous ongoing projects continuing to drive the nation's economic vibrancy.

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