Minister of Economy and Planning Khalid bin Mohammed Al-Qusaibi has stressed the Kingdom's economic growth. In a statement commemorating the 4th anniversary of the allegiance-pledge to Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud, Al-Qusaibi highlighted economic developments which the Kingdom has witnessed over the four past years. In his statement, Al-Qusaibi stressed that the Kingdom's economy "ranks 19 on the list of world large economies and the largest in the Arab World". He also emphasized ongoning development projects in a number of other sectors.