Only a quarter of Saudi Arabia's $1 trillion capex plan will go into oil

Aug 14, 2024  · Saudi Arabia is planning for a greener future. Under a directive from Saudi Arabia’s energy ministry, capex in the oil sector is likely to shrink by $40 billion between 2024 …


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Only A Quarter Of Saudi Arabia's $1 Trillion Capex Plan Will Go Into Oil

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Aug 14, 2024  · Saudi Arabia is planning for a greener future. Under a directive from Saudi Arabia’s energy ministry, capex in the oil sector is likely to shrink by $40 billion between 2024 …

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Saudi Arabia’s $1 Trillion Leap Into Non-Oil Sector Capex

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Aug 18, 2024  · Saudi Arabia is on the brink of a transformative investment journey, with plans to channel $1 trillion into a capex surge, of which 73% is allocated towards

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

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Aug 16, 2024  · 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 …

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Only A Quarter Of Saudi Arabia's $1 Trillion Capex Plan Will Go Into Oil

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Aug 14, 2024  · In what Goldman Sachs Research calls a “capex super-cycle,” Saudi Arabia is expected to invest $1 trillion across six strategic sectors by 2030. But the oil industry is likely to …

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Goldman Sachs: Only A Quarter Of Saudi Arabia’s $1 Trillion Capex …

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Aug 20, 2024  · In what Goldman Sachs Research calls a “capex super-cycle,” Saudi Arabia is expected to invest $1 trillion across six strategic sectors by 2030. But the oil industry is likely to …

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

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Aug 20, 2024  · 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. …

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Saudi $1 Trillion Investment Plan Continues Diverging From Oil …

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Aug 19, 2024  · Saudi Arabia plans to invest $1 trillion by 2030 as part of a national investment plan, focusing on non-oil sectors like clean energy, real estate, and logistics. ... Goldman …

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Saudi Arabia To Direct More Investment From Oil Industry To Non …

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Aug 18, 2024  · It reportedly comes under a directive from Saudi Arabia’s energy ministry, which could see capex in the kingdom’s oil sector be reduced by $40 billion between 2024 and 2028.

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Saudi Arabia’s $1 Trillion Investment Plan: A New Era For Non-Oil …

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Aug 25, 2024  · A Strategic Shift Towards Non-Oil Sectors: Saudi Arabia’s $1 trillion investment plan marks a profound shift in the kingdom’s economic strategy, with 73% of funds dedicated …

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Saudi Arabia’s ‘capex Super-cycle’ Pivot To Non-oil Sectors: …

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Aug 16, 2024  · In contrast, capital expenditure in the oil sector is expected to decrease by $40bn between 2024 and 2028, following a directive from Saudi Arabia’s energy ministry.

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Saudi Arabia To Invest $1 Trillion In Non-oil Sectors By 2030

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Oct 30, 2023  · Saudi Arabia is shaking off its oil-dependent past and embracing a new economic future, investing in key sectors like tourism, logistics, manufacturing, and renewable energy. …

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Saudi To Make Huge Investment In Non-Oil Economy By 2030

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Oct 5, 2024  · As a part of the ambitious Vision 2030, Saudi Arabia plans to invest $1 trillion in its non-oil economy, which really seems to be shifting this nation from oil-based income …

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Saudi Arabia Plans $1tn Investment In Non-oil Economy By 2030: …

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Aug 16, 2024  · Goldman Sachs report says Saudi Arabia will invest $1tn in non-oil economy as part of “capex super-cycle” ... Europe, the Middle East and Africa at Goldman Sachs, said: …

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

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Aug 16, 2024  · 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 decade. ... into …

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Saudi Arabia’s $1 Trillion Investment Plan: A New Era For Non-Oil …

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Aug 22, 2024  · A Strategic Shift Towards Non-Oil Sectors: Saudi Arabia’s $1 trillion investment plan marks a profound shift in the kingdom’s economic strategy, with 73% of funds dedicated …

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

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7 hours 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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Saudi Arabia’s Natural Gas Output To Grow By 4% In 2025: IEA

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Jan 21, 2025  · RIYADH: Saudi Arabia’s natural gas production is projected to rise by 4 percent in 2025, driven by the planned start-up of key projects, including Jafurah Phase 1 and Tanajib, …

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FAQs about Only a quarter of Saudi Arabia's $1 trillion capex plan will go into oil Coupon?

Will only a quarter of Saudi Arabia's capex plan go into oil?

"Goldman Sachs: Only a quarter of Saudi Arabia’s $1 trillion capex plan will go into oil" was originally created and published by , a GlobalData owned brand. In what Goldman Sachs Research calls a “capex super-cycle,” Saudi Arabia is expected to invest $1 trillion across six strategic sectors by 2030. ...

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 oil CAPEX shrink in 2024?

Under a directive from Saudi Arabia’s energy ministry, capex in the oil sector is likely to shrink by $40 billion between 2024 and 2028, Goldman Sachs noted. However, natural gas continues to be “a key contributor to the country's decarbonization, economic development, and diversification plans,” AlAzmeh writes. ...

Will the oil industry get a 'capex Super-Cycle' by 2030?

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. “But the oil industry is likely to receive a smaller portion of this than previously forecast,” analysts at Goldman Sachs wrote. ...

How much will Saudi Arabia invest in non-oil energy?

An earlier forecast pegged non-oil investment at 66%. Clean energy is expected to get $235 billion in funding, up from a previous forecast of $148 billion, with the increase driven mainly by renewables as Saudi Arabia more than doubles its 2030 capacity target. ...

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