- December 21, 2021
- Posted by: Stratford Team
- Category: Business
A man speaks on the phone as he walks past the Kingdom Centre Tower in Riyadh, Saudi Arabia, November 5, 2017. REUTERS/Faisal Al Nasser
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LONDON, Dec 21 (Reuters Breakingviews) – Riyadh may be about to pivot from global no-go to FOMO. The Saudi Arabian capital has long been seen by international bankers and executives as a place to visit for work, before weekending in the UAE’s more western-friendly hub, Dubai. That crowd may develop a nagging fear of missing out.
Economically, Saudi dwarfs regional Gulf peers. Its $700 billion GDP in 2020 was double the UAE’s, with three times the population. Its domestic stock market’s $2.6 trillion market capitalisation is over four times those of Abu Dhabi, Dubai and Qatar combined.
There’s also loads of work. In the next four years, Saudi wants to raise $55 billion via privatisations read more , and that doesn’t include further asset or equity…
