experts predict a boost in saudi private sector exports
Wednesday 14 May 2025
Last Updated : GMT 06:49:16
Arab Today, arab today

Due To Latest Reforms

Experts Predict a Boost in Saudi Private Sector Exports

Arab Today, arab today

Arab Today, arab today Experts Predict a Boost in Saudi Private Sector Exports

Jadwa Investment
Riyadh - Al Maghrib Today

Saudi economic authorities and businessmen unanimously agreed that the 2018 budget confirms the government's commitment to maintaining high-level spending, anticipating the private sector to boost capacities and accelerate the pace of diversifying sources of income.   On top of that, it is also expected that exports will witness a vital spike. The allocation of 205 billion riyals ($ 54.6 billion) as capital expenditure in 2018 compared to 180 billion riyals ($ 48 billion) allocated in 2017 reveals the government's renewed determination to support growth in the private sector.   Jadwa Investment said in a report yesterday that the government will continue to support the economy with spending.   "Although disbursement in the 2018 budget covers all sectors, expenditure priorities have been consistent with those in the last few years. The allocations for the military and security services sector, the education sector, the health and social services sector and the economic resources sector accounted for 77 percent of total allocations,” Jadwa Investment said.   Jadwa Investment affirmed that the expenditure budget would significantly boost the level of capital expenditure in the Kingdom. In total, capital expenditure from the government, public investment fund, and industrial development fund will reach SR338 billion in 2018.   More so, the report pointed out that another source of revenue improvement is the increase in local energy prices, with the approval of an amendment to power tariffs.   It is expected that the government revenues will increase by SR14 billion riyals ($ 3.7 billion) in 2018.   According to Jadwa, the 2018 budget was the highest ever estimated at SR 978 billion, up by an annual SR 88 billion. This year's budget continued to support the overall objectives of the kingdom’s transformational vision 2030.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

experts predict a boost in saudi private sector exports experts predict a boost in saudi private sector exports

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

experts predict a boost in saudi private sector exports experts predict a boost in saudi private sector exports

 



GMT 13:57 2017 Wednesday ,19 April

Deputy PM receives US ambassador

GMT 12:21 2017 Tuesday ,04 April

NHL won't participate in 2018 Olympic Games

GMT 16:18 2017 Thursday ,26 January

Berri, Mogherini tackle most recent developments

GMT 10:48 2017 Tuesday ,07 March

Iraqi troops resume advance in Mousl

GMT 14:15 2017 Tuesday ,21 February

CGG Secretary-General Meets Iraqi Prime Minister

GMT 18:32 2017 Wednesday ,08 February

Tourism counselor in Berlin: Meeting with German tourism

GMT 00:43 2016 Thursday ,29 December

29 former Turkish police put on trial over failed coup

GMT 22:08 2017 Saturday ,22 April

UNESCO official hails relations with UAE

GMT 02:21 2017 Tuesday ,17 October

No military solution possible in Syria: Iran's Zarif

GMT 11:01 2017 Monday ,25 September

Veolia's US growth hopes run into trouble

GMT 00:42 2017 Wednesday ,11 January

Golden Globes pulls second highest audience in decade

GMT 10:57 2017 Monday ,13 February

Pregnant Beyonce emerges with New Age Grammy show

GMT 09:40 2016 Monday ,15 August

Trump lashes out at 'crooked media'

GMT 19:17 2017 Sunday ,05 March

UAE Consul General meets Canadian official

GMT 05:46 2016 Saturday ,26 November

Turkish lira languishes near record low

GMT 15:46 2017 Saturday ,11 February

4 Spanish soldiers injured as mortar bomb explodes
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday