Saudi finance minister's remarks highlight economic resilience: analyst

Economic analyst Dr. Hussein Al-Atas praised Finance Minister Mohammed Al-Jadaan’s recent statements regarding the Saudi economy.

Speaking to Al-Ikhbariya Radio, Al-Atas said the minister’s remarks demonstrate the Kingdom’s strong financial position and its capacity to withstand global shocks while continuing to achieve its investment targets.

He added that energy shocks affect not only oil prices, but also transportation costs, supply chains, and inflation, all of which influence investment decisions worldwide.

Al-Atas noted that Saudi Arabia’s strengths include diversified funding sources, robust financial conditions, flexible economic policies, and the role of both private and government investments in supporting economic growth, boosting productivity, and increasing the contribution of non-oil sectors.

The head of the International Monetary and Financial Committee also stated that the energy shock would have been much worse without investments from countries like Saudi Arabia, highlighting the impact of such investments in mitigating the effects of the crisis.