Published on : Sunday, February 2, 2020
“This is a step in the right direction when it comes to economic diversification,” said Ahmed Alkholifey, the governor of the Saudi Arabian Monetary Authority in an exclusive interview.
“We are hoping that the non-oil sector will be leading to more economic growth … this year,” Alkholifey said.
The governor spoke on the sidelines of the G-20 Conference on Domestic Capital Markets Development in Riyadh, Saudi Arabia. The kingdom assumed the G-20 presidency for 2020 last month.
“The presidency is coming at a time when the global economy is at a crossroad,” Alkholifey said, citing increasing geopolitical tensions, worries over trade and vulnerabilities in the financial sector as top global concerns in the year ahead.
Tags: Saudi central bank