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وكالة مدار نيوز
Yemen Conflict Poses Saudi Economic Risks
Saudi Arabia is facing significant risks to its economy due to the war with Yemen, as this conflict threatens an economic recession and an increasing budget deficit. Military pressures are intensifying, foreign investments are declining, and projects under Vision 2030 are stumbling, raising concerns about plans to diversify the economy and reduce dependence on oil. Additionally, rising defense spending and the depletion of missile stockpiles hinder the funding allocated for economic reforms. The crisis is also impacting the tourism sector and cooperation with the United States, while Riyadh is moving towards diplomatic solutions with Iran to ease tensions.
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