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FINANCIAL NEWS
Saudi Arabia posts USD 500bn worth of projects
08 May 2016
(MENAFN) Saudi Arabia proclaimed USD 500bn worth of projects this year in the pre-execution phase spanning the power and water, transport, hydrocarbons and construction sectors.
Furthermore, the kingdom is planning to drive the non-oil economy and stimulate private investment in state activities, while Riyadh will increase the private sector’s GDP to 65 Pct.
Additionally, Saudi Arabia will also increase the non-oil government incomes from USD 43bn to USD 267bn by the end of the coming decade.
The kingdom also emphasized the challenges that firms need to avoid, as it forges ahead with its economic development plan for the coming 14 years.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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