riyadh

Saudi’s 2020 budget: Austerity and conservation

Saudi’s 2020 budget: Austerity and conservation

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Dec 19, 2019

The highest budget has been allocated respectively in the education, military and health sectors. 19 percent of Saudi Arabia’s next year’s budget is worth $ 51.5 billion in education spending, and 16 percent in the health sector’s $ 44.5 billion.

Is 2020 the year of Riyadh’s collapse?

Is 2020 the year of Riyadh’s collapse?

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Dec 19, 2019

Reuters said forecasts see a $50 billion budget deficit as very likely. Last year also Riyadh faced a terrible budget deficit.

The Opening of the 2018 Session of the Future Investment Initiative of Riyadh

The Opening of the 2018 Session of the Future Investment Initiative of Riyadh

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Oct 28, 2018

The 2018 session of the Future Investment Initiative opened on 23 October 2018 in Riyadh. This conference was inaugurated in 2017 and the intention was that it become an annual event. However, the feet of most speakers and foreign sponsors turned blue with hypothermia following Jamal Khashoggi’s death.