Saudi markets see growth ahead of commodity exchange launch
Finance professor Abdullah Al-Salloum says Saudi markets are expanding as the launch of a commodity exchange nears, with rising activity in hospitality and culture.
Key Takeaways
AIAbdullah Al-Salloum, professor of finance and investment at Imam Muhammad ibn Saud Islamic University, said that markets in Saudi Arabia are experiencing growth as the opening of a commodity exchange approaches, with increasing commercial activity in the hospitality, culture, and auction sectors.
Speaking on Al-Ikhbariya Radio, he added that the focus is on commodity markets, particularly food commodities, which are among the three most important global commodity sectors. He noted that exchanges such as the Chicago Board of Trade in the United States are some of the largest financial markets worldwide.
He continued that in Saudi Arabia, the concept of markets is evolving. Since last year, the idea of launching a commodity exchange in the Kingdom has been proposed, and recently there has been significant growth in commercial activity, especially in hospitality, culture, and trading sectors.
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