Minister of Commerce: Saudi Arabia is qualified to be a regional hub for debt restructuring
The Minister of Commerce, Dr. Majid Al-Qasabi: Saudi Arabia has achieved advanced indicators in legislative and procedural reforms that enable it to be a regional hub for debt restructuring and financial reorganization solutions for economic entities.
This came during his speech today at the Essar 2025 conference, which was opened by the minister, in the presence of a number of officials and experts from various countries.
Overcoming default crises Financial
The Minister of Commerce, supervising the bankruptcy committee, added "Essar"Hosting this conference in Riyadh is a reflection of the Kingdom’s great interest and deep commitment to supporting the continuity of economic activities, and its keenness to contribute to shaping a qualitative future to overcome crises of financial distress, as it is one of the influential countries in the global economy.
He pointed out that the conference "Essar 2025"It brings together experts in business continuity and restructuring from various countries of the world.
The conference will be held during the period from October 13 to 14, 2025, with the participation of a number of local and international bodies, most notably the World Bank, the United Nations Commission on International Trade Law (UNCITRAL), and the Organization "Ansol" International.
ESAR Conference Sessions
The conference will discuss the development witnessed in relevant legislation, effective strategies for business restructuring, proactive strategies to avoid default through early warning systems and risk management mechanisms, and many specialized topics for dealing with accelerating economic changes and potential financial crises.
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