The Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf said that what is being witnessed by Saudi Arabia of financial, economic and monetary stability is due to the policies contributed to the achievement of good economic performance over the past years, which have enabled the national economy over the past year to achieve a real growth rate of approximately 7% supported by effective performance of the private sector. At the opening of 8th Euromoney Saudi Arabia Conference organized by Euromoney Saudi Arabia Institution in cooperation with the Ministry of Finance here today, he said what is being enjoyed by the Kingdom of political, security, economic and financial stability despite financial, economic and political crises suffered by many countries, is due to the efforts of the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz Al Saud, who is leading the reform process in all regions and sensing the needs of the homeland and its citizens. Dr. Al-Assaf noted that Fitch Ratings Agency raised the recent sovereign rating of the Kingdom to a high degree (-AA) with a positive outlook, stressing that the Kingdom will continue to strengthen the process of economic development and the provision of investment environment encouraging of the private sector and supportive of investor confidence to diversify the economic base, advance growth and provide more lucrative employment opportunities for job seekers. --More 12:34 LOCAL TIME 09:34 GMT تغريد
