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Saudi Ambassador to UK & Ireland addresses Trade and Investment Forum in Edinburgh 2


2004 compared with SR145 billion in 1998.
Meanwhile, Saudi imports also increased to about SR157 billion in 2004 compared with SR103 billion in 1996, he stated.
He said those figures indicate the firmness and prosperity of the Saudi economy, noting that time is ripe before Scottish businessmen to enter into investment in Saudi Arabia's giant and diversified projects.
Under the leadership of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, the Kingdom has announced new developmental projects amounted to nearly $ 624 billion, Prince Mohammed bin Nawaf bin Abdulaziz said and added that the Kingdom wants to spend this great sum of money on important developmental projects.
He pointed out that the new laws allow regional and international investors to set up their own projects with a Saudi partner.
On the Saudi Stock market, the Prince noted that it ranks 11th in the world and the number of Saudi investors has reached nearly 2 million.
He condemned the scourge of terrorism targeting all peoples and the civilized world, reviewing the Kingdom's efforts in combating and eradicating repugnant terrorism.
The Saudi Ambassador affirmed that security in the Kingdom has been maintained and the Kingdom will proceed on preserving security at the highest levels to ensure the safety of its people and expatriates in the Kingdom.


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