Saudi Arabia: Our economy is stronger

The governor of the Saudi Arabian central bank, Hamad Said al-Sayarri, has announced that Saudi Arabia enjoys a strong economy that would enable it to withstand the low oil prices and the economic crisis which affects several countries.

Al-Sayyari indicated that the greatest challenge Saudi Arabia faces in the intermediate and long run is in minimizing the budget deficit, yet he expected an increased world dependency on oil in the coming decades.