The Most Important Economy in The Middle East: Saudi Arabia
“Saudi Arabia is the most important economy in the region; the Middle East excluding the Saudi Arabian economy is like Asia excluding the Chinese or Indian economies,” explains Dr. Boutros Klink, CEO of Standard Chartered.
“Saudi Arabia is the most important economy in the region; the Middle East excluding the Saudi Arabian economy is like Asia excluding the Chinese or Indian economies,” explains Dr. Boutros Klink, CEO of Standard Chartered.
“Standard Chartered is focused on the emerging markets of Asia, Africa, and the Middle East. We have existed for around 160 years in places like China and India, and we have been in the Middle East for close to 100 years, with full commercial banking presence in the UAE, Bahrain, Qatar, Oman, Jordan, and Lebanon. We very recently established our commercial banking presence in Iraq. In Saudi Arabia, we operate an investment company licensed by the CMA. Saudi Arabia is a very important to us and we’re very pleased to be on the ground.”