National Development Fund – BOL News Staging

Saudi Arabia takes longer view of oil price in budget calculation: minister

December 15, 2021 by Muhammad Zubair

RIYADH: Saudi Arabia’s Finance Ministry said it looks at long-term and historical periods to ensure oil price outlook is more accurate, Arab News quoted Finance Minister Mohammed Al-Jadaan, as saying. Speaking at a budget forum in Riyadh, the finance minister said revenues are calculated based on structural income factors. He said the Saudi budget surplus … Read more

Saudi Arabia launches national infrastructure fund

October 25, 2021 by Roman Ahmed

RIYADH: Saudi Arabia has launched a national infrastructure fund to invest SR200 billion ($53.3 billion) in projects over the next decade, the Saudi Press Agency reported on Monday. The fund will invest in transportation, water, energy, health, education, communication and digital infrastructure, it said. Under the kingdom’s National Development Fund, it will finance privatised infrastructure projects and … Read more

Menu

Latest

Entertainment

Lifestyle