Saudi Officials highlight advantages for foreign investors 2

On his part, Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf
said that Saudi Arabian General Investment Authority (SAGIA) has
exerted major efforts to brief the international community on the
Kingdom's competitiveness and advantages in terms of foreign
investment, indicating this has been evident in the advancement of
the rank of the Kingdom at the International Competitiveness.

He pointed out that General Investment Authority aims to reach one
of the world's top ten positions at the end of 2010.


Dr. Assaf said that the figures of General Statistics and
Information Department showed a gradual decrease in inflation rates
last November, and he expected that inflation will continue to
decline for reasons including a decrease in commodity prices around
the world.


Dr. Al-Assaf said, "While the world is going through a financial
crisis, the timing of this forum is excellent as one of the most
essential elements of competitiveness in any country is the financial
stability as a whole".


He said, "When we look at countries of the world and compare the
Kingdom's economy with the economies of these countries, we find
ourselves among the best countries in the world with regard to the
general budget of the state and the large reserves that support
economic growth.