Saudi investors prefer UAE

Published December 21st, 2005 - 01:50 GMT
Al Bawaba
Al Bawaba

Saudi economic expert Dr. Suleiman a-Salim has recently said at the Fifth Annual Conference of the Saudi Arabian Association of Economists that the main reason for Saudi investments abroad, especially in the United Arab Emirates markets was the opening of Dubai to foreign investors, especially Saudi investors. He said that the Dubai government encourages Saudi investors by granting various benefits and thus making it an attractive destination for Saudi investments.

 

In the same event, the Assistant Manager for Operations of the Boslah Investments Company said that the UAE is an attractive investment destination. Quted by al Riyadh newspaper, she said that it is necessary to change the investment strategy in Saudi Arabia so it will match the investment conditions of the UAE.