As the Saudi government tried its best to invade the international scene in terms of foreign reserves, the latter is expected to reach its foreign reserves of about $595 billion comes 2011 according to some economists. The forecast is due to the unstoppable positive economic gains of its government.
"We forecast that net foreign assets will increase to 93.7 per cent of GDP by the end of 2008 and 109.7 per cent of GDP by the end of 2010,"Monica Malik, chief economist at EFG, said.
Saudi Arabia plans to start a sovereign wealth fund with $5.3 billion this year, to be managed by The Saudi General Investment Fund.
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