사우디, 올 연말까지 2,660억달러 규모 프로젝트 추진 보류 Saudi Arabia to scrap projects worth $266b

Saudi Arabia to scrap projects worth $266b

source Financial Tribune

  사우디가 경제개발위원회인 SEDA(Saudi Economic and Development Affairs Council)의 

중요도가 낮은 주요 프로젝트의 추진을 보류하기로 결정했다.

올 연말까지 2,660억달러에 달할 것으로 예상되며  저유가 여파에 따른 재정 위기가 근본 

원인으로 지목되고 있다.

NewsBusinessNovember 13, 2016

RIYADH

The Saudi Economic and Development Affairs Council has agreed on shelving SR1 trillion ($266 billion) worth of future projects as the kingdom is reeling under a sharp oil price crunch, said a report.

The Saudi council has decided to stop contracting on planned projects whose projected economic and development feasibility does not match their costs and does not contribute to accelerating growth and improving people living standards, according to state news agency SPA.

The cancelled projects are the ones that are not expected to accelerate the kingdom’s growth or improve the living standards for its people, stated the report citing the council officials.

The cancellations were first considered in September, but at the time, it was noted that only $20 billion in projects would be considered to put on the chopping block.

A meeting chaired by Deputy Crown Prince Mohammad bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defense, also announced plans to complete the payments due to the private sector by the year end, said the report. The council came out with a package of solutions and procedures for the settlement of dues that met the requirements, authorised by the chairman of the council, prior to being submitted to the King, it added.

Agencies

http://omantribune.com/details/18150

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