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- Contracting in Saudi Arabia continuing with the same momentum
Saudi Arabia Report
Marcopolis presents the Saudi Arabia Report focused on the investments, doing business, economy and other topics featuring interviews with key executives. The sectors under review in this issue are industry, real-estate, ICT, investments, banking sector, telecom sector and many more.
VideosJanuary 15, 2016
Contracting in Saudi Arabia continuing with the same momentum
- Written by Peter Matay
- Published: January 15, 2016
Fakher A. Al-Shawaf, General Manager of Al Bawani
Saudi Arabia has set a state budget for 2015 with total revenues projected to reach $190.7 billion (SR715 billion) and total spending valued at $229.3 billion (SR860 billion) which is expected to result in a $38.6 billion (SR145 billion) deficit. Budget revenues for 2014 are projected at $278.9 billion (SR1.046 trillion), leading to an estimated deficit of $14.4 billion (SR54 billion). Education and healthcare remain the priority of the Kingdom’s budget, representing 44 percent of total spending.
Fakher A. Al-Shawaf, General Manager of Al Bawani talks about the contracting sector in Saudi Arabia.
