[Washington, DC] -- Saudi Minister of Foreign Affairs Prince Saud Al-Faisal arrived in Pittsburgh today for the G-20 Summit being held September 24-25, 2009. He will lead the Saudi delegation to the Summit.
The Saudi Minister of Finance, Dr. Ibrahim Al-Assaf and the Governor of Saudi Arabian Monetary Agency (SAMA), Dr. Muhammad Al-Jasser, also arrived today for the meeting of world leaders and finance ministers. The G-20 nations are expected to discuss recent developments of global economy following this year’s crises.
The Saudi economy’s strength and influence in the world marketplace have grown exponentially during the past few decades. The Saudi economy is the largest in the Middle East and, in their “Doing Business” annual report issued earlier this month, the International Finance Corporation (IFC)-World Bank rated Saudi Arabia as the 13th most economically-competitive country in the world.
The International Monetary Fund (IMF) also recently praised the strength of the Saudi economy in a public information notice released in August that highlighted the Kingdom’s “leadership role in stabilizing world oil markets.”