Saudi Arabia: New Phase of Sustained High Growth - The Banker


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Non-stop wealth

A boom in non-oil wealth looks set to accompany the continuing oil boom as huge projects get under way and economic reform continues, writes Stephen Timewell.

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Challenges lined up

Sheikh Hamad Al-Sayari (right) receives his award as Central Banker of the Year – Middle East in Riyadh from The Banker's editor-in-chief, Stephen Timewell

Sheikh Hamad Al-Sayari, governor of the Saudi Arabia Monetary Agency, talks to Stephen Timewell about banking challenges, rising inflation, and planned currency union with the GCC states.

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Growth levels off

Saudi banks performed less well last year than in 2006 and bankers are adjusting to the lower, more sustainable growth levels, but they have every reason to remain bullish, writes Stephen Timewell.

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