Friday, November 11, 2005

Millions (of Riyahls) drained away :: Al-Watan (Saudi Arabia)

the flow of capital to neighboring countries continues without letup.

One need not look very deep to find out the obvious: That the investment climate and the accompanying infrastructure here do not inspire confidence among local investors. . . . Is it not strange that a country such as ours with large tracts of land, a large population, rich mineral resources and a rapid growth rate does not have sufficient capitalization channels while the tiny emirates surrounding us offer a congenial investment climate?
The long and short of it is that the regulations governing our capital market do not reflect the huge investment potential.
Meanwhile: 50,000 without jobs in Riyadh.

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