The Jeddah-based Al-Bilad commenting on the economic situation in the Kingdom of Saudi Arabia, said the economic survey conducted by Reuters has certified the strength of the Saudi economy. The Daily pointed out that the Saudi officials have been reiterating the strength of their country’s economy and its capability to confront the global financial crisis. The paper quoted the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz as saying at a recent meeting of the cabinet that the Kingdom is steadily going ahead on the path of investments and spending on various development projects. Unlike several countries in the world, the economic stagnancy facing the world, notably the developed countries, has not affected the Kingdom, said the daily. "On the contrary, the Kingdom's investments especially in the field of oil industry are going ahead as planned". In the domain of the industrial sector, the paper said the state has invested its great resources in building industrial cities. The industrial cities of Jubail and Yanbu have been provided with the advanced utilities for setting up heavy industries like the industries of petrochemicals, iron and steel as well as refineries. --MORE www.spa.gov.sa/647051