‎BNY Mellon optimistic on Saudi GDP growth from 2023 onwards

‎BNY Mellon optimistic on Saudi GDP growth from 2023 onwards

Anthony Habis, Head of the Middle East and Africa, BNY Mellon, gave a bullish outlook for Saudi Arabia’s GDP growth in the next year and beyond.

The Kingdom’s market continues to evolve in line with the National Investment Strategy. It also continues to attract global investors, whilst developing first-class infrastructure, cybersecurity and data resiliency solutions.

BNY Mellon is also highly focused on digital transformation, and specifically digital assets and blockchain.

Elsewhere, Akash Shah, Senior Executive Vice President and Chief Growth Officer, BNY Mellon, said he was cautiously optimistic about where capital markets are heading in 2022 and beyond, backed by the continuous democratization of markets, increasing demand and reducing barriers to market entry.

Governments and global business communities are actually coming together to drive growth. Public and private-sector institutions seem also prepared to make big, bold investments for the future

Shah also expected fairness and trust in capital markets key priorities among participants, especially after COVID.

Here’s the full interview with Habis and Shah:

1) How do you see digital transformation and sustainability playing out in the Kingdom and beyond?

Anthony Habis:

In alignment with Saudi Vision 2030, we’re helping create a diversified financial services sector in the Kingdom to support development. We’re optimistic about GDP growth in the