The days of "easy money" from Saudi Arabia are over
NEWSRAEL: The years of fiscal irresponsibility are over. Saudi Arabia is all about careful planning which will, in the end, help the whole region.
Doron Peskin, Middle East Expert 22.08.2024
In recent years, Saudi Arabia has been considered by entrepreneurs, bankers and international fund managers as a source of raising "easy money" due to the policy of the Public Wealth Fund, the investment fund of the Saudi government, to invest generously around the world.
But in recent months, investors are discovering that this era is over and the Saudis have changed their investment priorities.
According to the same sources, the Saudis are now interested in concentrating more on the local market and spreading less cash abroad.
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