On the stalling of major projects in Saudi Arabia

[المستشار الصحفى]

الصحف المصرية والعربية

Over the past months, reports have surfaced about the delay in the completion of some major projects within Saudi Arabia, including the giant NEOM project. The first official statement about the delay in implementing some major projects emerged early December last year, when Finance Minister, Mohammed Al-Jadaan, stated that the Kingdom was delaying some projects that were launched as part of the economic transformation plan until after 2030. He also said that the Kingdom was forced to change the schedule for achieving the goals of the program, which is worth several trillion dollars, after his Ministry predicted that the general budget deficit will continue until 2026, in reference to the inability of expected oil revenues to reach the point of […]

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