Bloomberg
US · 1 hrs ago
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Saudi Arabia Boosted Logistics Spending to Blunt Impact of War
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Saudi Arabia accelerated infrastructure and food import spending in the first quarter to mitigate economic risks from regional conflict and potential Strait of Hormuz disruption, increasing its budget deficit.
Saudi Arabia Boosted Logistics Spending to Blunt Impact of War
Saudi Arabia brought forward some planned spending on infrastructure and food imports to soften the impact of the Iran war and the closure of the Strait of Hormuz, a move that added to its budget deficit in the first quarter.
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