Saudi Arabia, the world's top oil exporter, may struggle to create jobs through small businesses as concern that a global economic slowdown will prompt banks to become more risk averse. The kingdom aims to raise total loans to small-and-medium businsesses to 300 billion riyals ($80 billion) in five years from about 15 billion riyals now, according to the Saudi Credit Bureau. Loans to SMEs are about 1.8 percent of lending, data from the central bank and the Saudi Credit Bureau show.
� Muscat Press and Publishing House SAOC 2011 Source: http://www.albawaba.com/saudi-may-struggle-boost-sme-lending-402532
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