An economic analyst at Freedom Asset Management, Simon Ventam Fletcher, has made some interesting comments regarding the Saudi Arabian economy in a video clip that has been shared on social media. In an interview on CNBC, he was asked when the Kingdom of Saudi Arabia would become a superpower not just in terms of oil, but also in financial markets. Fletcher replied that it would happen “very soon and in more time” than people think. He also suggested that the Middle East is becoming increasingly important and might become a new Switzerland. During another interview conducted with him and published on Monday, Fletcher questioned whether Europe is really the economic destination for the future.
Dubai, United Arab Emirates (CNN) – Activists circulated on social media, a video clip of the economic analyst at Freedom Asset Management, Simon Ventam Fletcher, and what he said regarding the economy of the Kingdom of Saudi Arabia.
The analyst’s remarks in the circulating video came during an interview he gave on CNBC, where he was asked, “At what stage will we see the Kingdom of Saudi Arabia a literal superpower, not only in terms of oil, but in terms of financial markets as well?” He replied, “It will happen very soon and in more time.” Closer than a lot of people think…”
“There is actually an interesting movement in global dynamics and what we’re seeing recently is that the Middle East is becoming more important, it’s almost becoming a new Switzerland,” the analyst added.
And the analyst continued, in an interview that he conducted with him and was published by the channel, on Monday: “Europe is a wonderful tourist destination, but is it the economic destination for the future?”
Overall, Simon Ventam Fletcher’s comments regarding Saudi Arabia’s economy and global positioning reflect a growing trend of the Middle East gaining more prominence in the world stage. As the region continues to diversify beyond its traditional reliance on oil, it is poised to become a major player in the global financial markets. Fletcher’s insights offer an interesting perspective on the potential economic growth and development of Saudi Arabia and the broader Middle East region, suggesting that we may see significant changes in the coming years. As always, it will take time to see how this plays out, but the future certainly looks bright for Saudi Arabia and the Middle East.