Post-corruption era investment good despite warnings by big bad news story wolves | Arab News:
"So what was all the fuss about? It looks as though Saudi Arabia is doing rather well in attracting money from the rest of the world, and even that the pace of foreign investment in the Kingdom has picked up since the anti-corruption drive last year.
Go back a few months, and the prophets of doom were predicting that the detentions of last November would deter international investors from putting their money into Saudi Arabia. They — mainly international news organizations keen to be first with a big bad news story — told us that it was all about the rule of law, and transparency, and reliability of legal jurisdictions.
They said that this would hit foreign direct investment (FDI) particularly hard, as overseas investors pondered whether their local partners in the Kingdom would be swept up in an anti-corruption purge. And they predicted it would have a knock-on effect on the Kingdom’s economy and financial markets."
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