When West meets East at Misk Global Forum

When West meets East at Misk Global Forum

Riyadh (Rahnuma) : Saudi Arabia is the world’s most misunderstood country, Kevin O’Leary, chairman of O’Shares ETF Canada and star of the TV show “Shark Tank,” told Arab News at the Misk Global Forum in Riyadh on Thursday.

“This is the best conference I’ve been to in terms of deal flow,” he added.

O’Leary said that his message to those who do not know anything about the country was to come and see it for themselves.

“You have to come here, put your feet on the ground, meet the people, eat the food, walk outside at night, and you will leave completely with a new mindset,” he said.

“If more investors come to Saudi Arabia and spend just three days here, there is going to be a tremendous amount of capital flowing into this region. This is really quite an eye-opener,” O’Leary said.

In an exclusive interview, both O’Leary and Prince Khaled bin Alwaleed bin Talal, founder and CEO of KBW Ventures, discussed the future of investment in Saudi Arabia.

Prince Khaled said that his No. 1 investment in the Kingdom is entertainment.

“Entertainment has been one of the lacking sectors here, sadly, but now obviously everything’s opening up. You see the desire from all the population to be entertained. So entertainment would be number one for me,” he said.

He also said that esports is a good investment and agrees with O’Leary that real estate is a “must” in Saudi Arabia.

“I would definitely do pharmaceuticals and health care, number one. No. 2, I love real estate. No.. 3, entertainment. Those are my three. I’ll put money into those three,” said O’Leary when asked which Saudi sectors he would choose to invest in.

The businessman was surprised by the Kingdom’s youthful population and believes health care and pharmaceuticals both have great potential.

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