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27-10-22

BNY Mellon CEO: growing Saudi Arabia shouldn’t be neglected by international businessmen

(MENAFN) Global businessman attention to Saudi Arabia is growing all credit to the “bold and ambitious” financial improvements presented as part of Vision 2030, as said by a head representative at the Bank of New York Mellon Corp.

While giving a speech to Arab News at the Future Investment Initiative in Riyadh, Anthony Habis — international chief of costumer coverage at the bank — stated that it was the duty of institutions like his to supply access to the nation’s markets for those who want to have a part in the growing economy.

Habis stated that BNY Mellon, who have been working in the area for almost a 100 years, as well as in Saudi Arabia for more than 40 years, had an optimistic forecast for Saudi Arabia's financial future.

He stated that “We're quite well informed on the local landscape. What we've seen over the last couple of years has been quite interesting, particularly with Vision 2030 and with the national investment strategy, the aspiration is quite bold and ambitious. They are doing a great job achieving and accomplishing against that quite aggressively.”

Habis continued: “So from our standpoint, and from our perspective, the Kingdom is outperforming expectations. In essence, it's a real economy, and it's got scale, and whilst there are some challenges in the backdrop, certainly, the journey that they've come on has been quite impressive, to say the least.”

Adding, “Any investor that's looking at an emerging markets play cannot ignore the Kingdom of Saudi Arabia.”

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