Wednesday 19 December 2018

Saudi Arabia insists it remains ‘attractive for investment’ | Financial Times

Saudi Arabia insists it remains ‘attractive for investment’ | Financial Times:

Saudi officials took to the stage on Wednesday to elaborate on next year’s state budget that will boost spending despite the kingdom’s stated aim of reducing its yawning fiscal deficit in the near future.

Speaking in the ornate ballrooms of the Ritz-Carlton hotel, ministers touted the economic reform programme launched by Crown Prince Mohammed bin Salman in 2016, which they said had moved from the planning stage to implementation.

The budget announcement came as Saudi Arabia continues to grapple with the aftermath of the killing of journalist Jamal Khashoggi in October, which sparked international condemnation.

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