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  2. Powell: Saudi Arabia among key emerging markets to consider for investment

Powell: Saudi Arabia among key emerging markets to consider for investment

GHADA.ISMAIL
Jan 6, 2025
BlackRock’s Powell sees favorable conditions for investment in Saudi Arabia’s future

Riyadh – Sharikat Mubasher: Ben Powell, Chief Investment Strategist for APAC within the BlackRock Investment Institute explained that the company is focusing on transformation, drawing Saudi Arabia as an example of a country that is witnessing huge momentum.

In an interview with Al Arabiya Business, Powell pointed out the ongoing global shifts in artificial intelligence and energy transitions, as well as the evolving global trading system influenced by geopolitical factors.

Powell mentioned that the Kingdom is positioned to benefit from the structural changes taking place, which is expected to create favorable conditions for risk-taking and investment in the medium term. He added that Saudi Arabia’s ongoing transformation, particularly in areas like technology and energy, offers exciting potential for investors.

Powell also highlighted that BlackRock is carefully considering emerging markets, with Saudi Arabia being one of the key countries to monitor for future growth. As the country continues to evolve and diversify its economy, it remains an attractive option for investment in the coming years.

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