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A general view shows the headquarters of Saudi Basic Industries Corp (SABIC) in Riyadh on October 18, 2009
A general view shows the headquarters of Saudi Basic Industries Corp (SABIC) in Riyadh on October 18, 2009
(FAHAD SHADEED/REUTERS)

Saudi opening puts Middle East on investor maps

Saudi Arabia’s opening will finally put the Middle East on the investor map. Foreigners will be allowed direct access to the kingdom’s $530-billion stock market from next year under reforms announced on July 22.

It gives investors good reason to pay attention to the region beyond oil and war. For an emerging market, Saudi Arabia is well regulated, growing fast, and is more stable than most.