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.


Saudi scouts in the US for world jamboree

Updated 22 July 2019
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Saudi scouts in the US for world jamboree

  • The 24th World Scout Jamboree runs from July 22 until August 2
  • 45,000 youths from more than 150 scout associations are participating

RIYADH: The Saudi Arabian Scouts Association will participate in the 24th World Scout Jamboree under the theme “Unlock a New World” at the Summit Bechtel Reserve, West Virginia, US.

The jamboree will run from July 22 until Aug. 2 with the participation of 45,000 young people representing more than 150 scout associations members of the World Organization of the Scout Movement.

Dr. Abdullah bin Suleiman Al-Fahad, vice president of the Saudi Arabian Scouts Association, said that the Kingdom’s delegation included more than 100 scouts and rover scouts between the ages of 14-17 and would include educational activities that promoted peace, intercultural understanding and life leadership skills.

He said that the jamboree slogan would also inspire scouts to become active citizens able to create a more sustainable world by identifying global issues such as climate change through activities including hiking and workshops so they could help themselves in a rapidly changing world.

The jamboree is the largest outdoor educational event organized by the Scout Movement, which serves more than 51 million youth worldwide.