Saudi Arabia plans to lower inflation, improve business environment

(MENAFN) The Saudi Council of Saudi Chambers (CSC) plans to adopt a series of measures to cut inflation and also improve the business environment, Arab News reported. The plan includes reconsidering prices of imported production requirements, promotion of national exports and diversification of economy base. Saudi Arabia also plans to encourage local and foreign investments and rationalize time, efforts and costs beard by the private sector in clearing imports and exports. According by CSC, the reduction of costs on outbound national products and imports will have a positive impact on the Saudi economy.