Financial Services Industry
Industry: Email Alert RSS FeedSpecial Supplement: Saudi Arabia - Good Story Continues - Hamad Al-Sayari, Governor Of The Saudi Arabian Monetary Agency, Discusses Saudi Arabia's Booming Economy With Stephen Timewell In Riyadh.(Interview)
Banker, The, March, 2005
Q: The success of the Saudi economy is not necessarily well understood. How do you regard its performance?
A: The economy is doing very well indeed, both in nominal and real terms, on the back of strong investment, a strong oil market and increased government spending. There is strong confidence in the economy, and reforms are on track and initiatives are continuously coming out.
The key messages are that the economy is growing healthily, investment is strong and investors are confident, and this is reflected in both the level of direct investment and the capital markets. Also, government reform is on track and continuous, and the government is giving due attention to the challenges it faces. Despite the geopolitical uncertainties of the region, the...
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