How Saudi Arabia's spending spree reached the end of the line
Saudi Arabia's Vision 2030 projects, led by Crown Prince Mohammed bin Salman, once looked like science fiction. A BBC analysis assesses how this era of vast spending has run into the realities of cost and revenue.
Saudi Arabia's Vision 2030 projects, pursued under Crown Prince Mohammed bin Salman, looked like science fiction to many when they were unveiled. A BBC analysis assesses that this ambitious era of spending is now confronting the realities of cost and revenue.
Vision 2030 spans huge infrastructure and tourism projects aimed at reducing the country's reliance on oil and diversifying the economy. Swings in oil prices and the high cost of the projects are putting pressure on the scale and timeline of the plans. The analysis suggests some targets may be revised.
Experts say it will matter which projects Saudi Arabia prioritises and how it adjusts the pace of spending. This content is not investment advice. Developments in oil revenue, the budget balance and project timelines will be watched in the period ahead.
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