This is my lastarticle of 2019. Personally, I believe it was the busiest year in terms ofbusiness activities, reforms, new laws, local and international events in ourrecent history.
This year also witnessed perhaps the biggest event in thebusiness world — the initial public offering (IPO) of Saudi Aramco.It would not be an exaggeration to call 2019 a year of several milestones forthe Kingdom.
In 2019 different sectors were witnessed — financial, tourism,entertainment, pharmaceuticals and others — attract local and foreign capitaldirected to existing or new businesses. A World Bank report published earlierthis year gave impressive statistics listing tangible improvements and enhancementsfor doing business in the country.
BMG Financial Group have also witnessedbusy traffic of international clients discussing, negotiating and signingmandates with leading global companies who want to set up partnerships in SaudiArabia.
The last one wassigning an advisory mandate with Deutsche Post DHL Group, the largestlogistics and transportation company in the world, to explore partnership opportunitiesin Saudi Arabia. It is a vote of confidence in the country's attractivebusiness environment to host such vital and crucial sectors.
Several ministriesand government agencies played active roles in achieving several milestones in2019.
The market value ofthe Saudi stock market hit over SAR5.63 trillion (around $1.5trillion) making it among the top 10 stock markets in the world.
this momentum isexpected continue next year and beyond. In 2020, it seems the Kingdom willwitness an unprecedented growth in its gross domestic product.
