1、 Saudi Arabias Banking Sector:2022 in Review and The Path Ahead By Markus Massi and Martin BlechtaBoston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities.BCG was the pioneer in business strategy when it

2、was founded in 1963.Today,we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholdersempowering organizations to grow,build sustainable competitive advantage,and drive positive societal impact.Our diverse,global teams bring deep industry and functional ex

3、pertise and a range of perspectives that question the status quo and spark change.BCG delivers solutions through leading-edge management consulting,technology and design,and corporate and digital ventures.We work in a uniquely collaborative model across the firm and throughout all levels of the clie

4、nt organization,fueled by the goal of helping our clients thrive and enabling them to make the world a better place.BOSTON CONSULTING GROUP 3The world economy is in a precarious position.Interest rates rising in tandem with sky-high inflation,uncertainty from new and ongoing global political conflic

5、ts,and a Chinese economy still reeling from the impact of COVID-19,have made for headwinds strong enough for some countries to declare that they face the possibility of a protracted and arduous recession.However,the economic climate in the Gulf Cooperation Council(GCC)countries seems noticeably brig

6、hter.Elevated energy prices,abatement of COVID-related measures,and an increase in tourism resulting from major global events have precipitated what by all accounts would be classified as an economic boom.High energy prices are benefitting hydrocarbon economies and the International Monetary Fund es