Assaf drew the attention that the Kingdom possesses the highest stimuli package, according to IMF statistics. He said the intensives this year reached 3.3 percent of the gross domestic product. He said the Saudi government widely stretched its lending hand to small and medium enterprises which, as is the case in most countries, have been affected with the crisis. Despite slide of oil price, our general investments program is progressing as planned, he said, citing the oil sector as well. He described the monetary policy of the Kingdom of Saudi Arabia as strict in dealing with the crisis, citing reduction of interest rate, provision of financial support to banking sector and creation of supervising and organizational clean environment that led to the prevention of negative effects on Saudi banking sector in the way that hit most of their counterparts in the world. Pointing to generous opportunities of investment in the Kingdom of Saudi Arabia, he said the call for Saudi businessmen to invest in the United Kingdom is good but should coincide with a parallel investment movement by British businessmen towards Saudi Arabia. He praised the role of the Arab-British Chamber of Commerce in promoting business between the two countries.
