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Minister Bensaid appoints his party colleague Sana Reda as Regional Youth Director in Casablanca, one year after her appointment as Regional Director in Berrechid.
Salah Khashoggi, an expert and economic analyst, described the spending rate of Saudi youth as “very high” in contrast to low savings.
Khashoggi said in a statement to Al-Arabiya TV: “The consumer culture of black youth is very popular and far exceeds financial awareness.”
He said that the savings rate in Saudi Arabia reaches 2.4%, and as part of the Vision 2030 it should reach 10%, noting that there are countries in the G20 in which this figure reaches 30%.
He expressed his admiration for the person who had a job and said that he could not save, asking, “When you were a student, you received a reward of 1,000 riyals, today you have multiplied this number by 4, 5, or 6 times, so what ? is it different?”