Wednesday 20 October 2010

Saudi economy back on track

The Saudi economy is back, but not with a bang. The experts agree the kingdom is recovering nicely from the aftermath of the financial crisis two years ago, and looks ready to resume its role as the dynamo of regional economic growth.

But there are "variables" that could affect the rate of recovery and global perception of the Middle East's biggest but most enigmatic business centre.

A recent report from Banque Saudi Fransi (BSF) underlined the good news: business confidence is on the rise again. After a dip in the third quarter this year, largely because of worries about euro zone and sovereign debt fears, executives are more optimistic again.

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