Saudi Arabia plans further borrowing spree to pay for huge projects as it looks beyond oil
- Posted on January 6, 2025
- By Business News Today
- 3 Views
Saudi Arabia plans further borrowing spree to pay for huge projects as it looks beyond oil
Saudi Arabia will maintain a similar pace of borrowing in 2025 to fund oil-diversification projects, with plans for a three-tranche dollar bond issuance. The kingdom's 2025 funding needs are estimated at 139 billion riyals. Saudi Arabia sold $17 billion of international bonds in 2024, mostly denominated in dollars.
