Positive policies drive investment growth

Updated 05 March 2013
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Positive policies drive investment growth

Foreign direct investments have increased due to the encouragement of foreign investments by the Kingdom's positive policies.
“However, challenges remain at different levels and so foreign investments are not growing as fast as in other emerging markets,” according to Engineer Abdullah Al-Rashoud, CEO of BlomInvest.
The expectations are that due to favorable comparative advantages of the Kingdom's economy, more positive policies would help a faster inflow of foreign investments, he said.
Asked to identify the areas of major funding opportunities at the moment in Saudi Arabia, he stated energy sector historically has taken the largest share of funding.
However, Al-Rashoud confirmed that banks should be careful in financing mega projects otherwise they would end up with a lot of illiquid assets.


Tabuk military exhibition: Jump in, buckle up and take off

An aircraft cockpit fitted out with PlayStation DR technology will allow visitors to share the experience. (SPA)
Updated 27 min 48 sec ago
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Tabuk military exhibition: Jump in, buckle up and take off

  • The Royal Saudi Air Force is offering the activity as part of the third Armed Forces Exhibition for Diversification of Local Manufacturing, inaugurated on Thursday

JEDDAH: It is one of the most demanding skills in modern combat.
Now visitors to a military exhibition in Tabuk will get the chance to command a fighter plane and take part in a simulated air battle.
The Royal Saudi Air Force is offering the activity as part of the third Armed Forces Exhibition for Diversification of Local Manufacturing, inaugurated on Thursday.
An aircraft cockpit fitted out with PlayStation DR technology will allow visitors to share the experience of fighter pilots taking off and joining in supersonic aerial combat.