BlackRock Chairman Robert Kapito has described Saudi Arabia as the best investment opportunity he has seen in his professional career, Argaam reported on February 24.
"If Saudi Arabia were a company and I was looking to invest my money, I would invest with complete confidence," Kapito said, highlighting unprecedented potential returns through novel investment channels.
The kingdom has shifted its focus from oil to energy and technology sectors as the foundation of its current Vision 2030 programme, Kapito noted.
He said that the task now lies in identifying viable companies and sectors for investment.
BlackRock is establishing a major office in Saudi Arabia, positioning itself ahead of competitors.
"Visiting Saudi Arabia is what makes you a true investor. It allows you to see the enthusiasm, positive energy and ambition of the officials," Kapito said.
The firm sees strong long-term return potential in the Saudi market, according to the BlackRock chairman, who spoke during a panel discussion at the Miami summit.
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