Saudi Arabia Is Wooing Global Investors NEW INVESTMENT RULES Foreigners will be allowed to buy Saudi shares through a closed-end fund. An overhaul of investment codes, to be announced soon, will result in further liberalization of capital markets FREER TRADE Negotiations over World Trade Organization membership and a free- trade agreement with the European Union are putting pressure on the government to reduce subsidies and open the economy to foreign competition LOWER DEFICITS Tighter fiscal controls will probably yield a balanced budget by 2000 DATA: BUSINESS WEEK Return to main story

Updated June 27, 1997 by bwwebmaster
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