2023/10/14
In significant news for the business sector in SaudiArabia, consulting firm "McKinsey & Co" predicts that Saudi Arabia will triple its spending on industrial projects and major initiatives, surpassing $175 billion annually starting next year.
The firm added that ongoing projects include "NEOM" and the RedSea resorts, with a total value of $1.3 trillion. Meanwhile, the hashtag#Kingdom's project expenditure is expected to rise to $180 billion annually in 2026 and 2027. This news marks a pivotal moment in the Kingdom's economic development journey, underscoring its commitment to achieving Vision 2030.