Saudi Budget targets infra

Saudi Arabia's 2018 Budget is its largest ever, with the bulk of investment going to new infrastructure projects and encouraging greater participation from the private sector.

Unveiling a record $261bn Budget, the Saudi government hopes that the investment can act as a stimulus to boost private sector investment across the country.

PPP deals are expected to support a number of the Budget's infrastructure plans, with a number of schemes already in the pipeline in sectors such as wastewater, airports and housing.

“In 2018, we will keep issuing legislation that will support the private sector, and we will also privatise some sectors that are ready and interest private business,” said economy minister Mohammad al-Tuwaijri.