Saudi Arabia is a land of opportunities with a great chance of attracting investment in new sectors of its economy, the minister of commerce and investment, Dr. Majed Al-Kasabi, told delegates at the Future Investment Initiative (FII) in Riyadh on Thursday.
During the session “What’s next for Asia: Will a newly prosperous supercontinent overtake a waning West?” Al-Kasabi was part of a panel that included Ju Zhao, chief investment officer of China Merchants Bank and Raamdeo Agrawal, chairman & cofounder of India’s Motilal Oswal Financial Services Ltd.
在 “亚洲的下一步是什么:一个新繁荣的超级大陆会取代一个衰落的西方吗?” 这一会议中，与会者包括Al-Kasabi、中国招商银行首席投资官赵驹和印度Motilal Oswal 金融服务有限公司的董事长兼联合创始人Raamdeo Agrawal。
Al-Kasabi pointed out that the Kingdom is rich in natural resources and ideally located to act as a connector between Africa, Asia and Europe.“As you know, Saudi Arabia is the largest economy in the area. Saudi Arabia is a G20 member. It (was ranked as) a top reformer and a top improver in the World Bank’s ‘Doing Business’ report. (That is) a testimony to the promise that we have taken to improve business and fight bureaucracy,” he said.
He added that Saudis are hospitable and generous to our visitors and investors. Al-Kasabi said. “Saudi Arabia is a land of opportunities, especially when coupled with the unleashing of sectors like mining, health, tourism, entertainment, culture, and logistics. All of this makes Saudi Arabia a land of opportunities for the future.”
Al-Kasabi was bullish about the new Asian economic partnership, Al-Kasabi described China’s economy as “iconic,” and paid tribute to Japan, Singapore, and India, which he called “matured and developed economies,” while referring to Vietnam and Bangladesh as “the newcomers.”
“Then there is the Middle East, where Saudi Arabia fits as a connector between Africa and Europe and Asia,” he said. “The Middle East and Saudi Arabia could be a global connector and a hub to Africa and Asia and Europe.”
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