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Saudi budget sees more project funding
Saudi Arabia's capital expenditure accelerated during the first half of 2026, reaching 89.7 billion riyals, an increase of 32% compared to the same period in 2025. It accounts for approximately 11.8% of expenditures, up from 10.3% in the previous year. In the second quarter alone, spending rose by 16% year-over-year and 6.4% quarter-over-quarter, amounting to 46.2 billion riyals. The focus remains on major projects aligned with Vision 2030, with the budget allocating 162 billion riyals for capital expenditure—that is about 12.3% of total expenses. The growth in spending is likely attributed to accelerated disbursements for ongoing projects, as the government continues to meet its financial targets. However, the share of capital expenditure in the budget still remains below the overall growth rate of total expenses.
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