Saudi finance minister's remarks highlight economic resilience: analyst

Economic analyst Dr. Hussein Al-Atas has commended Finance Minister Mohammed Al-Jadaan's recent remarks, which he believes underscore Saudi Arabia's robust economy and its capacity to endure global economic disruptions. Speaking to Al-Ikhbariya Radio, Al-Atas highlighted that the Minister's comments reveal the Kingdom's strong financial footing and its ability to maintain its investment objectives amid unexpected shocks.

He further explained that energy shocks, which extend beyond just oil prices, also impact transportation costs, supply chains, and inflation rates, thereby influencing global investment decisions. Al-Atas emphasized Saudi Arabia's strengths, which encompass a diversified funding base, solid financial footing, adaptable economic policies, and the joint efforts of private and governmental investments in catalyzing economic growth, enhancing productivity, and elevating the contribution from non-oil industries.

He also pointed out that the Kingdom's investments played a crucial role in lessening the impact of the energy crisis, as indicated by the International Monetary and Financial Committee head.