Washington, Asharq Al-Awsat- The Saudi Economy is progressing well on both petroleum and non-petroleum sectors, according to Minister of Finance Dr Ibrahim Al-Assaf.
In a briefing to participants of a meeting of the Monetary and Financial Committee of the International Monetary Fund (IMF), last Sunday evening, Al-Assaf who is heading the Kingdom”s delegation to the meeting, spoke about the current economic situations in the Kingdom, the Arab region and the world economy as well as the petroleum market.
He noted that the progress of the Saudi economy had taken into account the importance of stabilization of the petroleum prices.
"Moreover, this strong performance reflects the continuous efforts of the Saudi government to carry out the suitable economic policies”, he said.
He highlighted the Kingdom”s role at regional and international arenas, notably its efforts for boosting efforts of economic and social development in the developing countries.
Dr Al-Assaf expressed grief and sorrow over the hurricanes which recently hit the United States. He made it clear that the petroleum markets do not face shortage in crude petroleum supplies.
Dr Al-Assaf pointed out to the ambitious investments program for increasing the Kingdom”s productive capacity for meeting the world demand.