Italian Banks Contemplate Market Entry into Saudi Arabia

Italian Banks Contemplate Market Entry into Saudi Arabia

Economy Minister: Saudi Arabia is a Promising Powerhouse in Achieving Global Sustainable Economy

Minister of Economy and Planning Faisal bin Fadhil Alibrahim underlined that the Kingdom, under the leadership of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, is a promising global powerhouse, carrying out a significant and influential role in international efforts aimed at achieving global economic stability, development, and sustainable growth.

Commenting on the Kingdom’s participation in the two-day G20 Summit, which opened on Saturday in New Delhi, the minister said, in remarks to the Saudi Press Agency (SPA), that the Kingdom is playing an influential role in formulating a global economic order capable of achieving the G20's goal of promoting sustainable growth while safeguarding the interests of all nations.

He also said that the Kingdom’s membership in the G20 is a testimony of its economic importance and pivotal role in shaping global economic policies, highlighting in this regard the Kingdom’s developmental and economic accomplishments.

The minister clarified that the Kingdom is achieving strong economic and financial performance, with non-oil activities growing by 6.1% in the second quarter of the current year compared