Saudi finance minister Mohammed Al-Jadaan said the same during the financial sector conference held in its second edition on Wednesday
Mohammed al-Jadaan
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Green Economy
Saudi Arabia announces $186 million investment to develop green economy, create jobs
The Kingdom has a package of initiatives launched, and will contribute to reducing carbon emissions by more than 278 million tons annually
Crude exporter
Saudi Arabia to shore up billions of dollars from higher oil prices for next year
Saudi Arabia has seen revenues soar on the back of $100 oil and rising production. If crude prices remain that high, the kingdom’s total oil exports may reach an estimated $287 billion in 2022
Crown Prince Mohammed bin Salman
Turkey’s President Erdogan meets Saudi King and Crown Prince to revive economic ties: report
Erdogan’s trip follows a warming of relations with the UAE last year, which has already unlocked billions of dollars worth of potential business, including the UAE’s $4.9 billion currency swap deal with Turkey finalised in January 2022
2021 Predictions
Saudi minister optimistic about growth rebound as vaccine roll-out starts
Minister of Finance Mohammed bin Abdullah Al-Jadaan says spending on major projects will continue despite rising budget deficit
dollar bond
Saudi Arabia weighs selling dollar sukuk as soon as October
With one of the world’s lowest debt levels, Saudi Arabia has been one of the biggest issuers in emerging markets
economic reforms
Saudi gov’t to improve contracts, services procurement with new law
Saudi government move hopes to increase the participation of Saudi SMEs by prioritising them over larger competitors
Mohammed al-Jadaan
Saudi Arabia raises $3.4bn in debut eurobond issue
Riyadh has posted an accumulated budget shortfall of $313bn over the past five years and projects another substantial deficit for 2019