StanChart says rising project finance and digital tech investments will drive regional growth – The National

StanChart says rising project finance and digital tech investments will drive regional growth – The National

The bank can be a 'bridge' for foreign capital seeking opportunities in Saudi Arabia, says Africa & Middle East head. Saudi Arabia's economic diversification push, the financing of new infrastructure projects and the requirement for investment into digital technologies will drive growth for Standard Chartered in the region over the next decade.. Sunil Kaushal , the UK bank's chief executive for Africa and the Middle East, said it would play to its strength in terms of "bringing overseas capital in different forms and different structures to the right projects and for the right entities".. "We see ourselves as being the bridge for foreign capital to come in and support and build and grow with the Saudi story, the Vision 2030," he said.. It is a big change from what things were in the past," he said, speaking to The National during the World Economic Forum annual meeting in Davos, Switzerland.. Mr Kaushal expects the bank to have "fairly healthy growth across the region".. "Our focus will be on infrastructure and project finance - that's a big element of it," he said.. The digital push will require investment, as will a greater emphasis on sustainability and achieving the UN