Capex super cycle: Saudi to invest $1trln in economy by 2030
August 16, 2024-Goldman Sachs report highlights nearly 73% of investment funds will go to non-oil sectors by 2030 |
Goldman Sachs also highlights an estimated $25 billion-per-year funding gap for the country's capex projects, while shifting focus on alternative sources of financing to address liquidity concerns. Saudi Arabia's realignment on developing its non-oil economy has seen a notable shift from the earlier forecast, which pegged the country’s non-oil investment at 66%, Faisal AlAzmeh, who heads CEEMEA equity research at the US-based investment bank, said. |