By Sultan Al-Raddad, Asseel bin Talib
Riyadh-Mubasher: Mubasher polled the opinions of some analysts about the impact of smooth transition of authority on the Saudi economy.
Economist Mohammed Al-Angari said transition of authority is smooth at all stages, which demonstrates political and economic stability in Saudi Arabia. He added that this stability is likely to continue for several years, as the Kingdom with its robust economy managed to overcome all challenges over the past period.
Al-Angari also said the Kingdom has strong capabilities which will be significantly boosted in the future by the completion of projects and prudent economic plans.
Despite instability in oil markets, Saudi Arabia overcame oil crisis and this was reflected on the budget of this year, the economist said.
Ali Al Zahrani, head of Money & Business Training Center, said the decisions of King Salman are in the favor of the Kingdom, adding that the appointment of Prince Mohammed bin Nayef as the second in-line to the Saudi throne is a positive decision.
Al Zahrani also said political stability is very important to investments.
Saleh Al-Battah, head of local equities at MEFIC Capital, said the smooth transition of power will ease mounting concerns among investors especially foreigners.
Economist Mohammed Al-Omran said this smooth transition of power will reflect positively on the local economy, adding that the Kingdom is implementing economic reforms amid oil crisis and challenges of creating more job opportunities for Saudi young people.
Al-Omran said these reforms will be on the agenda of King Salman.
Salman succeeded King Abdullah on the throne of the world’s biggest oil exporter.
King Abdullah has died at 1:00 a.m., Friday, January 23.
Translated by Abdul Maguid Aboshahla
Riyadh-Mubasher: Mubasher polled the opinions of some analysts about the impact of smooth transition of authority on the Saudi economy.
Economist Mohammed Al-Angari said transition of authority is smooth at all stages, which demonstrates political and economic stability in Saudi Arabia. He added that this stability is likely to continue for several years, as the Kingdom with its robust economy managed to overcome all challenges over the past period.
Al-Angari also said the Kingdom has strong capabilities which will be significantly boosted in the future by the completion of projects and prudent economic plans.
Despite instability in oil markets, Saudi Arabia overcame oil crisis and this was reflected on the budget of this year, the economist said.
Ali Al Zahrani, head of Money & Business Training Center, said the decisions of King Salman are in the favor of the Kingdom, adding that the appointment of Prince Mohammed bin Nayef as the second in-line to the Saudi throne is a positive decision.
Al Zahrani also said political stability is very important to investments.
Saleh Al-Battah, head of local equities at MEFIC Capital, said the smooth transition of power will ease mounting concerns among investors especially foreigners.
Economist Mohammed Al-Omran said this smooth transition of power will reflect positively on the local economy, adding that the Kingdom is implementing economic reforms amid oil crisis and challenges of creating more job opportunities for Saudi young people.
Al-Omran said these reforms will be on the agenda of King Salman.
Salman succeeded King Abdullah on the throne of the world’s biggest oil exporter.
King Abdullah has died at 1:00 a.m., Friday, January 23.
Translated by Abdul Maguid Aboshahla
Source:
Mubasher Exclusive
