Saudi Arabia to cut oil spending as focus shifts to non-oil …

Aug 16, 2024 · Kingdom is expected to channel 73% of total estimated investments into non-oil sectors by 2030 in 'capex super-cycle', Goldman Sachs says. ... Saudi Arabia will look to boost …

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Saudi Arabia To Cut Oil Spending As Focus Shifts To Non-oil …

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Aug 16, 2024 · Kingdom is expected to channel 73% of total estimated investments into non-oil sectors by 2030 in 'capex super-cycle', Goldman Sachs says. ... Saudi Arabia will look to boost …

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Saudi Arabia To Prioritize Non-Oil Sectors In $1 Trillion Investment ...

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Aug 16, 2024 · Saudi Arabia’s gross domestic product contracted again in the second quarter compared to year-ago levels, pushed down by an 8.5% dip in oil activities as the Kingdom is …

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Saudi Arabia Plans $1 Trillion Investment In Non-Oil Sectors, …

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According to ...

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Saudi Arabia Plans $1 Trillion Investment In Non-Oil Sectors, …

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Aug 19, 2024 · Saudi Arabia Plans $1 Trillion Investment in Non-Oil Sectors, Intends to Cut Down Oil Spending money going towards its oil and gas sector as the country … investments in the …

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Saudi Arabia To Cut Oil Spending As It Focuses On Non-oil Sectors

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Aug 19, 2024 · Saudi Arabia is expected to invest more than $1 trillion in strategic sectors of its economy by 2030, spending less on its oil and gas industry as focus shifts to boosting non-oil …

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Saudi Arabia’s Non-Oil Economy To Grow 4.4% In 2025: PwC

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Nov 18, 2024 · RIYADH: Saudi Arabia’s non-oil economy is expected to grow by 4.4 percent in 2025 as the Kingdom continues its path toward economic diversification, according to a new …

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Why Non-oil GDP Growth Is Essential For Saudi Arabia’s Economic ...

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May 6, 2024 · For example, Saudi Arabia’s focus on non-oil industries helped it achieve a record $84.4 billion in non-oil exports, with manufacturing and services sectors growing by 15 percent …

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Saudi Arabia To Reduce Big Spending On Oil Sector, Goldman Says

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Aug 17, 2024 · Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest US$1 trillion in strategic sectors by the end of the decade.. The …

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Saudi Arabia’s Non-oil Economy To Grow 4.4% In 2025: PwC

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Nov 17, 2024 · RIYADH: Saudi Arabia’s non-oil economy is expected to grow by 4.4 percent in 2025 as the Kingdom continues its path toward economic diversification, according to a new …

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Saudi Arabia’s Non-oil GDP Expected To Grow 5.5% From 2025 To …

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Oct 3, 2024 · RIYADH: Saudi Arabia’s non-hydrocarbon real gross domestic product is set to grow between 5 and 5.5 percent from 2025 to 2027, driven by increased government …

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Non-oil Activities Account For 52% Of Saudi Arabia’s GDP In

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1 hour ago · RIYADH — Finance Minister Mohammed Al-Jadaan stated that non-oil activities accounted for 52% of Saudi Arabia’s real GDP in the third quarter of 2024, driven by private …

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UAE, India, And China Among Top Destinations For KSA’s Non-oil …

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Jan 25, 2025 · RIYADH: The UAE was the leading destination for Saudi Arabia’s non-oil exports in November, with outbound shipments to the Emirates reaching SR7.17 billion ($1.87 billion) …

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Saudi Arabia To Reduce Big Spending On Oil Sector, Goldman Says

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Aug 16, 2024 · (Bloomberg) -- Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the …

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Why Non-oil GDP Growth Is Essential For Saudi Arabia’s Economic ...

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May 6, 2024 · For example, Saudi Arabia’s focus on non-oil industries helped it achieve a record $84.4 billion in non-oil exports, with manufacturing and services sectors growing by 15 percent …

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FAQs about Saudi Arabia to cut oil spending as focus shifts to non-oil … Coupon?

Will Saudi Arabia spend 73% of its CAPEX on non-oil sectors?

Saudi Arabia will spend about 73% of its planned capex on non-oil sectors, up from an earlier forecast of 66% of investments in non-oil activities, Faisal AlAzmeh, who heads CEEMEA equity research and covers natural resources, chemicals, and infrastructure in the Middle East, writes in his team’s report. ...

Will Saudi Arabia invest $1 trillion in oil?

Saudi Arabia is set to direct to its oil industry a smaller portion of its $1-trillion strategic investments than previously estimated, Goldman Sachs said in a report this week. The capex plan through 2030 of the world’s top crude oil exporter will see a “capex super-cycle” with $1 trillion worth of investments across six strategic sectors by 2030. ...

Will Saudi Arabia's voluntary oil production cut bring the oil market into deficit?

LONDON (Reuters) - Saudi Arabia’s voluntary oil production cut is expected to bring the oil market into deficit for most of 2021 even as new lockdowns to contain the spread of the coronavirus batter oil demand, analysts say. FILE PHOTO: General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. ...

How much oil will Saudi Arabia cut in a day?

The oil group, led by Saudi Arabia and Russia, is expected to discuss a production cut of more than 1 million barrels a day at the meeting on Wednesday. This is the largest since early in the pandemic and equivalent to more than 1 percent of Saudi Arabia's global supplies. ...

What if the Saudis cut oil production?

If the Saudis cut oil production significantly, that would have an impact: it would strengthen Vladimir Putin on the eve of the U.S. midterm elections. ...

Why did Saudi Arabia cut its oil production targets?

Saudi Arabia reduced its oil production targets by about 100,000 b/d as part of a small cut by the Opec+ group, signalling a change of course in response to falling oil prices. Brent crude, the international benchmark, has fallen from around $120 a barrel in early June to around $85 a barrel. ...