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  • 09-01-22

    Saudi Arabia’s to become appealing market for foreign firms

    (MENAFN) Saudi Arabia has become one of the most appealing markets for global firms looking after new mergers as well as acquisitions, and it is predicted to sustain its rank during this year.

    The nation’s development amounted at 6.8 percent for the period from July till September. This is owing to the increasing world demand for crude oil, striving Saudi Vision 2030 goals, eliminating the country’s need on the sale of hydrocarbons via the growth of non-oil industries, and progresses in battling coronavirus.

    This has aided putting the country for sustained development in merger and acquisitions during next year.

    According to the Riyadh-based partner of Lumina Capital Advisers, Fikry Younis, “the Saudi market is probably one of the most active M&A markets in the region, together with the UAE and Egypt.”

    MENAFN09012022000045013568ID1103509182

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