You are here

S Arabia races through financial toolkit to raise funds

The kingdom has delayed payments to government contractors working on infrastructure projects for six months or more as the government seeks to preserve cash, sources said in October.


SAUDI Arabia's plans to bolster its finances are taking on a new sense of urgency as lower oil prices put the economy under more strain than at any other time in the past decade.

In recent weeks, the kingdom raised a US$10 billion loan, clamped down on currency speculators

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom