Expert: Oil Prices Boost Saudi Revenue
The economic advisor and Saudi Shura Council member, Fadl Al-Buainain, stated that rising oil prices support Saudi revenues, but they may also exacerbate pressures on the global economy due to depleted inventories and ongoing crises. He confirmed that the logistics sector remains a key supporter of the Saudi economy despite rising costs and shipping pressures, as Saudi Vision 2030 projects continue and priorities are arranged to balance development with supporting the private sector.
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