Average Outlook

Published October 18th, 2000 - 02:00 GMT

Many observers still question the Saudi government's desire to overcome decades of suspicions about outsiders and to initiate such liberal foreign investment laws. While it remains premature to evaluate whether the new legislation will accomplish its desired targets, it does signal that there are powerful forces for reform at the top of the Saudi leadership, particularly Crown Prince Abdullah. Foreign investors should begin to perceive the Saudi market with increased confidence, especially as Abdullah continues to take on a wider role in the Kingdom's affairs. 

 

© 2000 Mena Report (www.menareport.com)

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