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28 March 2024

Saudi Arabia unveils nearly $375b spending plan

Published
By Reuters

Saudi Arabia plans to build schools, hospitals, housing and other infrastructure projects as part of a five-year plan budgeted at nearly $375

billion, the state-run Saudi Press Agency (SPA) reported.

The 1.4 trillion Saudi riyal ($373.3 billion) plan exceeds the Kingdom's previous five-year development plan by 67 per cent, SPA said.