Saudi privatization plans seen to boost foreign investments: Deutsche Bank

Foreign investments are expected to improve in the Saudi stock market as a result of the government’s privatization plans, Al-Eqtisadiah reported, citing Christian Nolting, Chief Investment Officer for Deutsche Bank Wealth Management.

Inflows worth $40 billion are seen to enter the Saudi market on the long run, he said.

Foreign investments are considered low till now but Tadawul’s inclusion in the MSCI for emerging markets index in mid-2019 will help boost foreign investments, he said.

Nolting also pointed out the importance of privatizing diversified assets in terms of geography and products in order to benefit on the long run.

The most important investment opportunities depend on the Kingdom’s economic transformation. Key investment sectors include technology, cyber-security and health care, as well as environmental, social and corporate governance, he added.