Saudis Fear Overheating Economy Could Slow Diversification from Oil ...Middle East

Economy by : (OILPRICE) -
The world’s largest crude oil exporter, Saudi Arabia, is looking to prevent its economy from overheating and driving inflation higher as it aims to boost growth in its non-oil sector. Allowing more time to implement the massive investment projects under the Vision 2030 plan to diversify the oil-dependent economy could be a wise move, Saudi Finance Minister Mohammed Al-Jadaan said this week. “If you don’t allow your economy to catch up with your projects, basically what will happen is you’ll import a lot more,” the…

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