Saudi Wealth Fund Slashes $8 Billion in Megaproject Values Amid Oil Price Woes ...Middle East

OILPRICE - Economy
Saudi Wealth Fund Slashes $8 Billion in Megaproject Values Amid Oil Price Woes
source : OILPRICE ( Middle East ) () 51
The Saudi Private Investment Fund has written down $8 billion from the value of the Saudi state’s megaprojects over the past year as they struggle to move forward amid budget overruns combined with weaker oil prices. According to a Financial Times report that cited an unnamed source, Saudi Arabia’s sovereign wealth fund’s investments in projects, including the smart city Neom, at the end of 2024 were worth the equivalent of $56 billion. This was down by 12.4% from the previous year, the report said. “There were impairments…

Hence then, the article about saudi wealth fund slashes 8 billion in megaproject values amid oil price woes was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Saudi Wealth Fund Slashes $8 Billion in Megaproject Values Amid Oil Price Woes )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

Small Modular Reactors Are the Perfect Fit for Kazakhstan’s Power Grid

before hour & 37 minute

How Israel Is Reframing the Iran Threat

before 5 hours & 36 minute

Phemex aggiorna l'ecosistema RPI stabilendo nuovi parametri di riferimento per la liquidità su oltre 210 coppie

before 6 hours & 32 minute

RKTech Invests in Entropy, Unlocking Access to Two Million LATAM Technology Professionals

before 8 hours & 39 minute

Interact Marketing Warns: Unchecked AI Content Risks for Brands

before 9 hours & 31 minute

US dollar records biggest weekly decline in four months

before 11 hour & 35 minute

Best Virus Protection for PC (2026): Webroot Rated Top Choice for Fast Threat Detection by Software Experts

before 12 hour & 5 minute

So Long, GPT-5. Hello, Qwen

before 12 hour & 30 minute

Best Invoicing Software (Jan 2026): Sage Recognised for Seamless Billing and Payments in the UK by Consumer365

before 12 hour & 30 minute

Japanese stocks rise on tech gains

before 13 hour & 20 minute

Is the Federal Reserve truly independent?

before 13 hour & 33 minute

The Digital WOW Announces 300% Increase in R&D Investment with AI Emphasis for 2026

before 14 hour & 36 minute

Nigeria: Why Reps Repealed, Re-Enacted 2024, 2025 Budgets - Deputy Spokesperson

before 17 hour & 2 minute

Tottenham Hotspur book and used pyjamas among ‘most disappointing’ Christmas gifts, survey reveals

before 22 hour & 31 minute

Children received inflation-busting pocket money pay rises in 2025, figures show

before 23 hour & 25 minute