Analysis

2023 Budget: Saudi Arabia Exceeds Surplus Estimate, Economic Growth Forecasts in Strong Year for Kingdom’s Economy

• SUSTG Team
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• 12. 8. 2022

Saudi Arabia has recorded a budget surplus for 2022 of 102 billion riyals ($27.13 billion), 12 billion riyals ($3 billion) higher than predicted figures, according to reports.

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  Oil Prices Fall as WSJ Reports OPEC is Considering an Output Increase on December 4

  SUSTG Team  |  11. 21. 2022

  Saudi Arabia and other OPEC countries are discussing an oil output increase to be determined at its next meeting, the Wall Street Journal reports, "a move that could help heal a rift with the Biden administration and keep energy flowing amid new attempts to blunt Russia’s oil industry."

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  Saudi Arabia Commits 2.5 Billion to Middle East Green Initiative, Agrees to Host HQ in Riyadh – Report

  SUSTG Team  |  11. 7. 2022

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  Crown Prince Mohammed bin Salman Unveils New Initiatives, Investments to Boost Supply Chain Resilience

  SUSTG Team  |  10. 24. 2022

  Saudi Arabia’s Crown Prince Mohammed bin Salman has unveiled a new initiative designed to position Saudi Arabia as a global supply chain hub, called the “Global Supply Chain Resilience Initiative.”

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  Saudi Aramco Pushes Ahead With IPO of Oil-Trading Unit – Bloomberg Report

  SUSTG Team  |  10. 20. 2022

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  Saudi Arabia’s PIF Commits Over $2 Billion to New Long-term Football Sponsorship Deals this Year – FT Report

  SUSTG Team  |  10. 10. 2022

  Saudi Arabia’s Public Investment Fund has committed more than $2 billion to new long-term football sponsorship deals this year, with much of that spent domestically in Saudi Arabia, the Financial Times reports, citing the PIF's most recent financial statements.

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  Crown Prince Mohammed bin Salman Elevated to Prime Minister; New Education Minister Named in Cabinet Changes

  SUSTG Team  |  9. 28. 2022

  Saudi Arabia's King Salman bin Abdulaziz named his son and heir Crown Prince Mohammed bin Salman as the kingdom's prime minister and promoted his second son Prince Khalid as defense minister, according to a royal decree on Tuesday.

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  Friday Marks Saudi Arabia’s 92nd National Day; 9 Days of Events and Celebrations Planned

  SUSTG Team  |  9. 21. 2022

  Saudi Arabia's 92nd national day is set for Friday, September 23rd, with nationwide events, patriotic displays and festivals planned by authorities.

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  Jadwa Investment Raises Saudi Arabia’s Growth Forecast to 8.7% for 2022

  SUSTG Team  |  9. 20. 2022

  Riyadh-based investment bank Jadwa Investment has revised upward its growth forecast for Saudi Arabia this year, after the Kingdom's economy showed strong expansion in both oil and non-oil activities in the first half of 2022.

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  Saudi Arabia’s PIF Launches Real Estate Registration Services Company in Effort to Digitize Sector

  SUSTG Team  |  9. 6. 2022

  Saudi Arabia's sovereign wealth fund, the Public Investment Fund, has launched a company that aims to digitize and develop the local real estate sector through a comprehensive digital platform, according to a report in the UAE-based outlet The National.