Finance minister says over 50 countries eying investment in Saudi Arabia

04/09/2020 Argaam

Mohammed Al-Jadaan, Minister of Finance and acting Minister of Economy and Planning, said that more than 50 countries are eying investments in the Saudi market.

 

The credit agency ratings for Saudi Arabia reflected its solid economy, he explained during the Euromoney Saudi 2020 on Thursday, noting that around 50 countries had been downgraded by credit ratings agencies because of the economic hit from the pandemic while Saudi Arabia had maintained its stable outlook.

 

Elsewhere, Al-Jadaan said that the privatization program has saved nearly SAR 15 billion government expenditures this year. In addition, the private sector vied for SAR 11 billion worth of projects. 

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