Saudi Arabia is demonstrating to the world that it’s an economy that is rapidly expanding and improving. But with such a bullish market for business development and economic growth, investors are given few prospects. According to Ryan Lemand of ADS Investment Solutions, the kingdom’s move away from Oil hasn’t been met with investment diversification.
“There aren’t many channels of investments towards the capital market in Saudi Arabia… So international investors are asking for exposure to Saudi Arabia. No stock picking, just some ETFs or an index to go in passively and through a systematic strategy.”
Dubai Introduces Saudi Arabia-Focussed ETF
This week, a UAE financial firm has announced that it will introduce an Exchange Traded Fund (ETF) to allow exposure. The fund will be added to the Abu Dhabi Securities Exchange, finally allowing users to buy into a booming market. What makes it such a lucrative area is the fact that it is a unique emerging market, according to CNBC.
“Saudi Arabia today is reforming, it is changing and generally investors who look at emerging markets, they look at emerging markets that are reforming, not the static emerging markets… Today, Saudi Arabia is not only changing; it is transforming.”
The Kingdom’s 2030 dream takes into consideration the future of the nation in a landscape of low Oil prices. Promising its people a ‘prosperous and sustainable economic future.’