Al-Marsad newspaper: The head of the corporate banking group of Gulf International Bank, Khaled Abbas, revealed his expectations for the continued decline in prices in the Kingdom in light of reforms other than global price inflation.
Speaking at the Euromoney conference, he said, “We have to see what is happening in the rest of the world in 2022 and 2023, but what I see in the Kingdom following what is happening with regard to the supply chain and inflation, as well as the rise in prices globally has been contained.”
He indicated that he expects prices to drop in the Saudi market because the reforms are structural, and will continue in the long run. In addition to what we have seen since achieving the goals of the vision, and this requires long and short-term planning.