Still An Attractive Investment

By Thomas Lippman

Thomas W. Lippman is the author of Saudi Arabia on the Edgeand an adjunct scholar at the Middle East Institute.    He was a correspondent at the Washington Post for 33 years, 1966-1999.

Saudi Arabia, blessed with political stability and deep pockets, presents one of the most attractive business and investment environments in the vast region between central Africa and China.

The kingdom offers a stable currency that is freely convertible to dollars and Euros, a well-managed and respected central bank, membership in the World Trade Organization, foreign reserves that among the world’s largest, very low debt, and excellent communications networks and infrastructure. A growing population is snapping up housing, vehicles, electronic gear and other consumer products, and health care services. A unified and consistent government policy encourages foreign investment. Such industrial giants as Dow Chemical Co., General Electric, and Alcoa have opened large-scale operations in Saudi Arabia in the past few years.

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