2006 News Story

SAMA governor highlights Saudi economic growth in Singapore

Saudi Arabia has given top priority to infrastructure projects that improve the Kingdom’s economic performance, Saudi Arabian Monetary Agency (SAMA) Governor Hamad Al-Sayyari said in remarks to the International Monetary Fund (IMF) finance committee in Singapore today. The annual World Bank-IMF conference begins in Singapore on Sept. 19.

Al-Sayyari said that the Saudi economy has been making steady progress. He also remarked that oil prices are likely to be affected by the security situation in some countries and the strong global demand for oil, and stressed that petroleum-exporting countries have carried out ambitious investment programs to meet demand.