VOL. XL

No. 49

8-December-1997

SAUDI ARABIA

Saudi Arabia Urged To Open Its Market Further To Foreign Investment

The co-chairman of the US investment bank Salomon Brothers International, Mr. RonFreeman, last week urged Saudi Arabia to open its market further to foreign investors.Speaking at an Arab Bankers Association conference entitled "Saudi Arabia in theGlobal Economy" held in London on 1 December, Mr. Freeman said that the Saudiequities market is a "market the world is looking to see more...