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Lessons of external investment – Tunisia as a model
Published in Alriyadh on 25 - 01 - 2011

My speech will not be political or about the events of Tunisia, in spite of, its start and sparkle was idleness, poverty and hunger. But my speech today will be about the Saudi external investments, especially in the most turmoil and instable countries, Tunisia did being a model of instability or expectations that the events will reach that level, but it happened, and will not go through the reasons and causes of this crisis with its political depth and its dimensions, but I will focus on the Saudi investor in those countries or similar, especially and in my opinion that the Saudi businessmen have a lot of ability, wisdom and vision, and there are many other Arabic countries not much better than Tunisia, it has more political turmoil, and more public congestion, and we witnesses in some countries who followed the method of "AlBuAzizi" and burned his body in more than one country, it is not a secret, it is published in media and newspapers, these countries indicates the status of instability and cannot be similar in its circumstances, but when you invest as a businessman in these countries, which are several investments focused between three sectors, industrial, tourism and agricultural, that mean it need decades of time to gain profit and its economic benefits. Therefore, what are the standards of our businessmen "to ensure" the political stability, regulations and legislations in these countries? The old and basic principle is that the capital is coward and fearful, and it is searching for the most secure and stable locations without turmoil and disturbances, which will not become in the next day under a new government which rejects what the previous one approved, and the disturbances remain with what is reflected on the people of this country or the other one, of turmoil, devastations, hindrances or changing all the investment regulations and a lot of decisions, and that what is expected in the events of sister Tunisia lately. Then do the investor businessmen in these countries guarantee what will be decided tomorrow? Or what will guarantee the pulling out of their moneys? Or changing of laws and regulations? In fact, there are no guarantees and this is a great risk, and I understand that any foreign investment includes risks, but assessed and controlled risks like inconstancy of prices, labors or license. Not to be destroyed or cancelled, or your investments could be confiscated and you will return to your country empty handed.
Now a lot of Saudi investments are growing and coming up especially with the financial crisis circumstances that encourage the investment in small, growing and tumbled countries that need every dollar, there are a big agricultural investments , a bigger industrial and tourism investments with hundreds of millions or billions, then, here we have to take lessons and preachments of what happened in Tunisia, of the expressed threats toward the Saudi investments belong to Saudi investor businessmen while we are reading about the appearance of loss possibility, then who built up hopes on the tourism sector, now what are the motivations that motivate tourists to visit countries with turmoil, disturbances and internal difficulties, is it have a sufficient tourism attraction? The doubts will be big and fear will be bigger. Not every country is confused and fret will have a tourism attraction, the security if the main aspect, then the others follow, this is only an example, aside from changing of investment's regulations and laws in these countries, which has no guarantee rather than great and big risks that worth no effort in the view of diversity of opportunity and alternatives wither inside or outside the country.

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