Saudi economy resilient with strong resources and sound fiscal policy, analyst says

Economic analyst Eid Al-Eid said that "the Saudi economy is resilient and stable, supported by strong resources and a fiscal policy that has enabled the Kingdom to overcome the challenges of recent years."

In a radio interview with Al-Ikhbariya, Al-Eid added that "Saudi Arabia’s financial policies have allowed it to surpass many challenges faced over the past seven years, thanks to foresight and the distinctiveness of these policies, which have spared the Kingdom from various economic problems."

He continued, "Standard & Poor’s decision to affirm the Kingdom’s rating at A+ with a stable outlook is based on a set of precise factors achieved over a long period, including the assessment of resources, reserves, capabilities, and measures that contributed to attaining this rating."

Standard & Poor’s Global Ratings recently maintained Saudi Arabia’s sovereign credit rating at A+/A-1 for long- and short-term obligations with a stable outlook, reaffirming the Kingdom’s ability to withstand pressures from the Middle East conflict, thanks to its diversified energy export infrastructure.

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