Investment opportunities in the Kingdom highlighted 3 London

For his part, Simon Williams, senior economist at the Saudi British
Bank, described the economic atmosphere in the Kingdom of Saudi
Arabia as very good and promising, noting a high flow of money into
Saudi market amid the international financial crisis situations.

He said Saudi Arabia is a non-indebted economy, without budget
deficits and with a steady flow of foreign currency.
He expected the Saudi banks to proceed with providing loans to
borrowers to continue the march of development over the few coming
years and expected a prosperous economy in the Kingdom and other GCC
countries through 2011.
He praised Saudi Arabia's efforts in terms of oil production
increases according to market demand.
Hopefully, Saudi Arabia would witness an economic boom that would
provide thousands of jobs, he said.
For his part, the Regional Manager of the Middle East Association in
the Gulf Janssen Pers portrayed a bright picture for the economic
growth in the Kingdom, saying that it is the strongest in the region.
He expressed belief that the Saudi economy is among the world's 13,
noting the continuing constructional process despite the world
economic recess.
He said the chance is wide for businesses from the United Kingdom to
enter Saudi Arabia, citing the petrochemicals, mineral resources,
industrial, transport, communications, power generation and water
fields.
For his part, the Director of Ma’den company Sulaiman bin
Abdulhameed said the Saudi government is keen to develop the sector
of mining in the Kingdom to become a third source of the economy
after ARAMCO and SABIC.
Then the conferees listened to a paper on the industry of Media and
Public Relations in the Kingdom of Saudi Arabia, presented by Jim
Donaldson, Manager of Hill Nolton Foundation for Media in Britain.
He highlighted the great strides made by the industry of media in
Saudi Arabia.
The number of journals and satellite channels in Saudi Arabia have
witnessed considerable increase over the last few years, he said,
noting that censorship has drastically reduced on the media in
comparison of the previous years.
He said some Saudi media industries had their headquarters abroad.
The conference tackled the Kingdom's interest in the sector of
financial accounting, development of economic, commercial and
touristy utilities in the Kingdom.
--SPA