Al-Falih says Saudi Arabia has strong banking, private sector

28/10/2020 Argaam

Saudi Arabia, as a G20 economy, has a strong banking sector and a well-established private sector, SPA reported, citing Minister of Investment Khalid Al-Falih.

 

The country’s domestic development fund also provides sufficient financing for the development projects, Al-Falih added.

 

The current transformation of the Kingdom is being undertaken by young and highly-qualified professionals who are open to working with investors, he said.

 

“With 30 years of ongoing investments, Saudi Arabia has a track-record of achievements. The Ministry of Investment boosts coordination between investors and the Kingdom’s competent authorities,” he added.

 

Al-Falih’s statements came on the sidelines of the two-day Future of Hospitality Summit, organized by the Ministry of Tourism.

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