Saturday 15 December 2018

Low-risk Saudi market to lure foreign investors

Riyadh, January 26, 2014

Saudi Arabia has been ranked 14th among low-risk credit markets on a list of 76 countries published by a global ratings agency, which would help attract more foreign investors, said a top economist.

The kingdom holds 15th position among the world’s leading economies in creditworthiness, in the survey conducted by S&P Capital IQ, said a report in Arab News.

“Saudi Arabia is experiencing high economic growth, making it among the Top 3 fastest growing countries in the world,” Abdullatif Al-Othman, governor of the Saudi Arabian General Investment Authority, was quoted as saying in the report.

“There are a lot of investment opportunities in key sectors, especially in transport, health and education, where the government is spending huge money,” he added.

Jamal Al-Kishi, chief executive officer of Deutsche Securities Saudi Arabia, highlighted that the kingdom enjoyed high liquidity.

“The Saudi market has developed comfort with long-term debt issues in Saudi riyals,” he was quoted as saying in the report.

Tags: S&P | foreign investment | Saudi market |

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