Saudi Arabia might not be women friendly, but it sure is investment friendly
Saudi Arabia holds 15th position among the world’s leading economies in creditworthiness, said a survey conducted by S&P Capital IQ. The Kingdom has maintained its 14th position among low-risk credit markets on a list of 76 countries published by the international ratings agency.
Saudi economists said the Kingdom’s strong position would help attract more foreign investors.
“Being the most low-risk market in the world, many investors will be interested to put their money in Saudi Arabia,” said one economist.
Abdullatif Al-Othman, governor of the Saudi Arabian General Investment Authority (SAGIA), emphasized his organization’s efforts in making the Kingdom an investment-friendly country. “Saudi Arabia is experiencing high economic growth, making it among the Top 3 fastest growing countries in the world,” the SAGIA chief said. “There are a lot of investment opportunities in key sectors, especially in transport, health and education, where the government is spending huge money,” he said.
Al-Othman described Saudi Arabia as one of the best places for investment. “The Kingdom is one of the largest markets in the region with a strategic position and a good investment climate,” he said.
“There is a lot of liquidity looking for a good home in Saudi Arabia. And importantly, the Saudi market has developed comfort with long-term debt issues in Saudi riyals,” said Jamal Al-Kishi, chief executive officer of Deutsche Securities Saudi Arabia.