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SAMA governor: Saudi economy capable of facing oil prices' fall
Saudi Press Agency Published in Saudi Press Agency on 20 - 05 - 2015

The Governor of the Saudi Arabian Monetary Agency (SAMA) Dr. Fahd Al-Mubarak expressed his confidence in the steadfastness of the Saudi economy in the face decreased of oil prices in the medium term due to years of robust economic growth which recorded an average rate of 5.5 per cent during the period from 2009 to 2013 in addition to the wave of spending on investment projects.
In an interview with Oxford Business Group, an international publishing and research firm, Al-Mubarak added that Saudi endeavors to bolster financial sector is, steadily, moving forward, due to main developments such as the growth of non-banking sector and increasing mobilization of resources, indications of market's maturity.
-- SPA
22:20 LOCAL TIME 19:20 GMT
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