ID :
62665
Wed, 05/27/2009 - 09:34
Auther :
Shortlink :
https://www.oananews.org//node/62665
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King Abdullah Bin Abdulaziz gives interview to 'Al-Seyassah' 3
Q- To where is the economic situation of the world heading?
A- In the meeting of the recent G20 Summit, we heard views and
comments from great minds and experts of great countries. In all
humbleness and honesty, we are just a drop in their vast financial
and economic sea. We have a conviction that leaders of these
countries that have huge economies greatly affecting the world
economy will not let their countries be held hostage to a baseless
destruction caused by panic or the winds of a crisis that can be
easily defeated. This is what happened. We are now witnessing the
recovery of the economies of these countries; in fact, the initial
indications of this recovery clearly appeared during the convening of
that summit. We even believe that this recovery's pace is faster than
we thought and expected during the meeting. We feel that the panic
felt by economists in most countries of the world upon the onslaught
of the crisis is waning as expected.
Q- What about the economy of Saudi Arabia?
A- We are well. I said this previously. At the height of the panic
that swept the whole world, I said to you that our economy is very
well. Like many countries, we were affected by a slight panic which
has, I think, disappeared when our people realized that our economy
is well and capable of overcoming the effects of any unexpected world
financial crisis.
The volume of spending of the new announced budget of the kingdom
increased over the previous budget by about SR40 billion, about USD10
billion. We have increased the numbers of expenditure and matched our
statements with deeds. Huge infrastructure projects' contracts have
been signed including a network of roads totaling more than 8,000
kilometers in addition to railways exceeding 4,000 kilometers that it
might be the longest in the world. Soon, we will announce other major
projects also covering the infrastructure and construction and
industry in the city of Yanbu' and water projects costing some SR9
billion in the capital, Riyadh, alone. You must also have seen or
heard about the projects announced in the Eastern Region; they are
productive and welfare projects.
Yes, we promised an increase in spending and we are making good on
what we committed ourself to.
--More
A- In the meeting of the recent G20 Summit, we heard views and
comments from great minds and experts of great countries. In all
humbleness and honesty, we are just a drop in their vast financial
and economic sea. We have a conviction that leaders of these
countries that have huge economies greatly affecting the world
economy will not let their countries be held hostage to a baseless
destruction caused by panic or the winds of a crisis that can be
easily defeated. This is what happened. We are now witnessing the
recovery of the economies of these countries; in fact, the initial
indications of this recovery clearly appeared during the convening of
that summit. We even believe that this recovery's pace is faster than
we thought and expected during the meeting. We feel that the panic
felt by economists in most countries of the world upon the onslaught
of the crisis is waning as expected.
Q- What about the economy of Saudi Arabia?
A- We are well. I said this previously. At the height of the panic
that swept the whole world, I said to you that our economy is very
well. Like many countries, we were affected by a slight panic which
has, I think, disappeared when our people realized that our economy
is well and capable of overcoming the effects of any unexpected world
financial crisis.
The volume of spending of the new announced budget of the kingdom
increased over the previous budget by about SR40 billion, about USD10
billion. We have increased the numbers of expenditure and matched our
statements with deeds. Huge infrastructure projects' contracts have
been signed including a network of roads totaling more than 8,000
kilometers in addition to railways exceeding 4,000 kilometers that it
might be the longest in the world. Soon, we will announce other major
projects also covering the infrastructure and construction and
industry in the city of Yanbu' and water projects costing some SR9
billion in the capital, Riyadh, alone. You must also have seen or
heard about the projects announced in the Eastern Region; they are
productive and welfare projects.
Yes, we promised an increase in spending and we are making good on
what we committed ourself to.
--More
