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Saudi Arabia to open its $530 billion stock market to the world

23.07.2014 12:20

Saudi Arabia to open its $530 billion stock market to the world

YEREVAN, July 23. /ARKA/. Saudi Arabia plans to open its $530 billion stock market to foreigners, a move that will allow the Middle East’s biggest economy to attract more international investments and help reduce its dependence on oil revenue, Prime reports referring to Marketwatch.

The kingdom is among the last of the big markets globally to limit international access, but was expected to lower or remove such restrictions as it rolls out plans to spend hundreds of billions of dollars in the domestic economy to build infrastructure and provide employment for its people. --0--

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