The Top Opec exporter Saudi Arabia has been largely unaffected by a global financial crisis and will continue to encourage private sector growth and pursue a moderate oil policy, King Abdullah said yesterday, to Emirates Business 24/7.
"Thanks to God, we have not been much affected by the crisis," King Abdullah told the Shura Council, according to a speech carried by the state news agency SPA.
He said the kingdom, a member of the G20 group which is seeking to lower its dependence on oil, would continue to help drive private sector growth. "We will not stop to create the appropriate climate to have participation of private sector institutions," he said.
Tony Harkén