Saudi Arabia Witnesses an Economic Mobility in Various Fields, Saudi Press Report

  • 2/10/2023
  • 04:29
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Riyadh, Feb. 18, 2022, SPA -- Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas. Al-Riyadh newspaper reported in its editorial that the Kingdom of Saudi Arabia is witnessing an economic mobility in various fields, recording great growth in a slew of sectors. Based on a solid economic base, along with strong financial systems, Saudi Arabia has become an active member of G20, and one of the main players in the global oil markets, the paper said. Saudi Arabia is witnessing structural economic reforms aiming to raise growth rates, maintain financial stability and sustainability and improve the business sector environment, the paper also said. In this context, Saudi Arabia drew the world’s attention to its Vision 2030 as it was implementing many reforms that pave the way for a diversified and sustainable economy, based on enhancing productivity and raising the private sector contribution, the paper added. Improving the investment environment and enhancing the economic system, according to modern data, made Saudi Arabia able to complete many international acquisition deals, the paper further added. According to a specialized report on merger and acquisition deals in the Middle East and North Africa, Saudi Arabia dominated the largest share of the value of the announced deals, registering 47.4 billion US dollars for the year 2021, the paper concluded. --SPA 10:29 LOCAL TIME 07:29 GMT 0003 www.spa.gov.sa/w1693200

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