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None of the big Wall Street companies have sent top leaders, but institutions such as Citigroup, Goldman Sachs and Morgan Stanley have sent local and regional leaders, some of whom are high-level. According to a company official, no member of the Blackstone Group, whose CEO has retired from the event last week, attended it.
Some people who attended the meeting said that they were only there to do business and put an end to the situation in Khashoggi town.
"It's just noise for me," said Michael Slater, head of investment activities for the Middle East and Africa at Northern Trust, based in Riyadh. "The people I need to see are here and that's what matters to me."
The future of the investment conference remains uncertain, and some participants who have mingled on the sidelines are wondering aloud whether the current crisis will collapse or whether it will bring about a real reversal of Saudi Arabia's recent progress. . For the Saudis who organized the conference, one of the questions was whether private media sponsors who withdrew their support, including the New York Times Company, would come back next year.
An investment advisor specializing in business transactions between the United States and Saudi Arabia has suggested that large banks offering brands to protect and Silicon Valley companies promoting ethical investments are fearful of entering into new deals with Saudi Arabia until the murder of Mr. Khashoggi arouses solved.
US real estate investors, however, were eagerly roaming the corridors, seeking funds for projects in the Americas, and looking for opportunities to participate in infrastructure development in the Middle East.
Saudi Aramco has announced the signing of 15 contracts worth more than $ 30 billion with companies in eight countries: United States, France, China, Japan, United Arab Emirates, Great Britain and South. Korea and India.
