Saudi to spend $16bn more next year

posted by Alex Daniel

2 October 2018

Saudi Arabia expects to increase public spending by 7% in a bid to boost economic growth, the government has announced.

It is also pushing ahead with its strategic procurement unit announced last year, as well as a logistics programme aiming to help “diversify the sources of economic activity” in the kingdom from oil-related revenue.

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Saudi to spend $16bn more next year

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