$800 Billion Dollars Investment Abroad

Dr. Abdul Rahman Al-Sultan, professor of economics at Imam Mohammad bin Sa'ud University in Saudi Arabia, has estimated Saudi investments abroad at $800 billion. He said that this amount would discourage foreign investors from coming to Saudi Arabia on the assumption that if the Saudis cannot find enough opportunities to invest in their own country there is no reason for a foreign investor to try.[Al-Sutan may have ignored the fact that at least part of the Saudi investments abroad is in the form of capital flight by senior officials, including members of the royal family. It is a form of an insurance policy.]Source: Al-Jazirah, Saudi Arabia, January 24, 2010The MEMRI Blog - Full Blog Entry
Source: Al-Jazirah, Saudi Arabia, January 24, 2010