Saudi Arabia plans to borrow between $10 to $15 billion from international markets in 2017 and around 70 billion riyals from the domestic market, a senior Saudi official told Al Arabiya television channel.
Mohammad al-Tuwaijri, secretary-general of the Finance Committee at the Royal Court, was speaking to Al Arabiya in an interview aired on Friday.
The Saudi government borrowed $17.5 billion this year in its first international bond issue, and also raised a $10 billion international loan.
It offered about 20 billion riyals of domestic bonds to banks every month through September, before suspending those issues; finance minister Mohammed al-Jadaan told Reuters on Thursday that he expected to resume domestic bond issues in the first quarter of 2017.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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