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.


Iranian regime continues to feed sectarianism: Saudi deputy defense minister

Updated 55 min 5 sec ago
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Iranian regime continues to feed sectarianism: Saudi deputy defense minister

  • “We have to choose between the chaos that Iran spreads and stability, security and development,” he said
  • A delegation led by Prince Khalid bin Salman bin Abdulaziz, the Saudi deputy minister of defense, has arrived in Russia for an official visit on Tuesday

DUBAI: Saudi Arabia’s Deputy Defense Minister Khalid bin Salman said the Iranian regime continues to feed sectarianism and disrespect international laws at the eighth Moscow Conference on International Security on Wednesday.

“We have to choose between the chaos that Iran spreads and stability, security and development,” he said adding that “Iran is spreading chaos in the region through destruction and bloodshed, and by supporting the militias of Hezbollah and Houthis.”

“Houthi militias continue to violate the resolutions of the Security Council and the Stockholm Agreement, ignored UN resolution 2216 and the Gulf initiative…our goal is to achieve stability for Yemeni citizens under a legitimate government,” he said.

The deputy defense minister also said that the Kingdom is witnessing today an unprecedented transformation and development to achieve the vision 2030.

A delegation led by Prince Khalid bin Salman bin Abdulaziz, the Saudi deputy minister of defense, has arrived in Russia for an official visit on Tuesday, during which the members will take part in the eighth Moscow Conference on International Security and hold a number of meetings.

Prince Khalid was welcomed by Saudi Ambassador to Russia Dr. Raed Qurmali, military adviser Maj. Gen. Talal Al-Otaibi and Military Attache Gen. Mohammad Al-Mutairi, along with the deputy chief of staff of the Russian defense ministry and other civilian and military officials.