New York, United States of America-Thursday 29 August 2019 [ AETOS Wire ]
Many
challenges face the Middle East in terms of economic development, but
one business executive is inspiring others in the region. Mohammed
Alsherebi—a Saudi Arabian business magnate, investor, and philanthropist
who also serves as a senior partner and external director for a leading
global management consulting firm—is preparing to launch a new
ecosystem to facilitate business between Middle Eastern markets and the
top global markets, as facilitated by the Saudi “Vision 2030” plan.
Vision 2030
is intended to reduce Saudi Arabia’s dependence on oil while
diversifying its economy, in part via development of public service
sectors including health and education, as well as infrastructure,
tourism, and recreation. While developing the Middle East’s society,
economy, and nation, Vision 2030 targets transforming the Middle East to
become the ‘new Europe.’ This plan is reported to have a major economic
contribution around the world, similar to the million-plus new jobs
created in the United States, from deals announced during the first year
since the launch of Vision 2030.
Many reforms
resulted last year in the wake of Vision 2030, including greater support
for women’s empowerment, inclusion, diversity, and human rights. For
example, for the first time in the country’s history, 2019 marks the
year when women could apply for passports and travel without a male
guardian’s permission, adding to the recent lift of the ban on women’s
driving. The plan also affects Saudi women at work, calling for a rise
in women’s workforce participation to 30 percent, barring gender-based
discrimination at work, and resulting in more women entering leadership
roles in the country’s largest banks and the stock exchange, as well as
top diplomatic positions.
Money was
rechanneled and restored to public wealth, resulting in financing
trillions of dollars in economic projects such as the launch of the
largest investment fund in history (PIF) and numerous projects to
develop new zones and cities, including NEOM, the Red Sea, and Amaala.
Many records were also set last year in the region, including
development of the largest company in history (Aramco), the largest
renewable energy project in history (200 GW of PV capacity), the largest
VC fund in history (Vision Funds with SoftBank), the world’s largest
entertainment park (Qiddiya), and the world’s largest city park (King
Salman Park).
Alsherebi is
launching the new ecosystem to facilitate business from the top
providers in the Middle East to major global markets in multiple sectors
including oil, petrochemicals, banking, telecommunications, food,
health care, and retail. The same ecosystem also facilitates business
from selected top global brands to major business opportunities in the
Middle East in multiple sectors such as investment, management,
technology, engineering, and entertainment.
“Alsherebi is
a global influencer and true thought leader who impacts and inspires
millions of followers across various media platforms,” said James
Gorman, a former senior partner at the same consultancy firm. “He is
passionate about helping the most innovative entrepreneurs build
legendary companies, from idea to IPO. I am confident that the launch of
his new ecosystem will be transformational for economic and business
development throughout the Middle East, and in helping to further the
goals of the Vision 2030 plan.”
About Mohammed Alsherebi
Mohammed
Alsherebi holds BS and postgraduate degrees in industrial engineering
and business, earning the highest academic distinction from Harvard
Business School, New York University (NYU), and the University of
California. Alsherebi is founder of the Centillion Company, which
controls more than 10 companies in various fields and geographies
including Nama Company, a leading local partner for the top 10 largest
corporations in the region, including Saudi Aramco and SABIC.
Decades of
experience in his core functions of investment, strategy, technology,
and innovation back Alsherebi’s new initiative to facilitate business
between Middle Eastern markets and the top global markets, as
facilitated by the Saudi “Vision 2030”
plan. Alsherebi has served on McKinsey & Company’s Executive Global
Panel since 2009 and as an advisor and counselor to McKinsey clients,
other international firms, and for multiple subsidiaries of McKinsey,
including McKinsey implementation, Elixir integration, and Digital
McKinsey. He advises leaders of governments, investments, and businesses
with focus on strategy, digital strategy, and investment funds.
Alsherebi’s expertise in consulting incorporates three main components:
- Strategy.
Helping organizations in the private and public sector execute bold
business strategy to perform exceptionally in the digital age, including
in areas such as revenue growth, market entry, country expansion,
product development, pricing improvements, and other strategic issues.
- Digital strategy.
Helping clients use digital to create value, including technologies in
cognitive computing, data and analytics, AI, and cloud computing.
- Strategy for investment. Advising investment leaders across the entire investment life cycle such as deal generation, due diligence, value creation plans, and portfolio management.
Alsherebi
also sits on the board of several institutions and holding multiple
leadership roles at major Fortune Global 500 companies.
Contacts
Headline Communication
Jawhara ALShawish, +966551808891
jalshawish@headlineme.com
www.headlineme.com
