13
Mar
15:50
Saudi spending seen boosting construction, credit pressure remains
Moody’s expects the manufacturing, construction and mining sectors to be the largest beneficiaries of increased Saudi Arabian government capital spending.
The National Budget for 2019 foresees a 7.4% increase in total spending relative to the estimated outcome for 2018. Of that, capital spending will rise 20% to SAR 246 billion and will focus on transportation and communication infrastructure, as well as housing and logistics. The extra spending will suppo…
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Anonymous
Very good overview of the weekly steel market.
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