Saudi Arabia's $53 Billion Non-Oil Stimulus May Last Beyond 2021

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Saudi Arabia's $53 Billion Non-Oil Stimulus May Last Beyond 2021The program is earmarking 36 billion riyals to boost private-sector growth this year, on top of the 40 billion riyals already spent, according to Naif Al-Rasheed, managing director of the Private Sector Stimulus Office. The financing could continue beyond the original planned end date of 2021, according to Al-Rasheed, who’s in charge of allocating the money and monitoring its effectiveness. “The office has a long-term mandate to continuously support the private sector through economic cycles,” Al-Rasheed said in his first news media interview.


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