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MENA Development Partners

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MENA Development Partners LLC

Developing successful business relationships in the Middle East.

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Doing Business in the Middle East

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Why so much on Saudi Arabia vs. other countries in the region

Posted on March 23, 2013 at 9:42 PM
I feel like I need to add a bit of explanation why so much of the section on the "Business News in the Middle East" in the Kingdom of Saudi Arabia.

Without sounding too simplistic, because there is so much more in business news coming out of Saudi than other countries in the region these days.

There are always times when one country's economic boom is much sexier and interesting than another's. And this happens to currently be the case in the Kingdom. (While they probably would not like to refer to their boom as sexy, it certainly is much more compelling.) "

Saudi Arabian Monetary Agency's policy is likely to mirror that of the US; consequently, we do not foresee any changes before 2014,” the National Commercial Bank (NCB) said in its report yesterday.

Arab News also commented "The robust economy facilitated the possibility of maintaining an elevated level of credit expansions as investments increase within the Kingdom. Local banks are expected to maintain the current level of credit with a more selective approach for 2013."

So I believe it is Sutton's Law that simply states "Go where the money is... and go there often." Although this saying may be an urban myth, I ask you, need I say more?

Categories: Finance in Middle East, Middle Eastern finance, Saudi business, Saudi construction

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