Saudi Arabia adjusts Vision 2030 investments to avoid economic overheating amid pandemic and conflicts.
Saudi Arabia aims to avoid overheating its economy as it invests in projects under Vision 2030, its plan to shift away from oil dependency. Finance Minister Mohammed Al-Jadaan warned that if the economy doesn't catch up with investments, the country could import more and lack the capacity to support its plans. Amid economic shocks, such as the pandemic and conflicts, Saudi Arabia has revised its reform plans, calling for more prioritisation and optimisation.
May 14, 2024
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