RIYADH: Despite difficult global economic trends, Saudi Arabia’s financial markets are experiencing a significant upturn, analysts told Arab News. Investment risks are rising as a result of global market volatility, as evidenced by the S&P 500 falling below 6,000 on Wednesday, US President Donald Trump’s policies that have caused uncertainty in the oil market, and ongoing supply chain disruptions.
However, Saudi Arabia has been able to lessen these difficulties thanks to the Kingdom’s economic resilience, which is supported by Vision 2030’s diversification initiatives and robust regulatory changes. Despite a drop in oil activity, the economy recovered in 2024 with a 1.3 percent rise, propelled by a 4.6 percent gain in non-oil activities. The financial sector in Saudi Arabia is expected to expand even more, but the crucial question is still whether it can maintain its standing as a major international financial center in such an unstable climate.
According to Vikas Papriwal, head of FTI Consulting Middle East and Africa, the Kingdom is heavily responsible for its own fate in this area, he told Arab News. “Researching, developing, and innovating in the space of renewable and sustainable energy and being leaders in the global energy transition are the key to future-proofing against oil market volatility and maintaining leadership in the global energy industry,” he stated.
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