{"id":411160,"date":"2021-04-19T08:19:14","date_gmt":"2021-04-19T02:49:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411160"},"modified":"2021-04-19T08:44:28","modified_gmt":"2021-04-19T03:14:28","slug":"saudi-arabias-latest-economic-plan-comes-with-big-risks-can-hit-finances","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabias-latest-economic-plan-comes-with-big-risks-can-hit-finances\/","title":{"rendered":"Saudi Arabia&#8217;s latest economic plan comes with big risks, can hit finances"},"content":{"rendered":"<p>Saudi Arabia\u2019s latest economic plan comes with a big risk: while it might help boost investment, it could also hit the government\u2019s finances.<\/p>\n<p>Crown Prince Mohammed bin Salman wants the kingdom\u2019s biggest companies \u2014 including oil giant Saudi Aramco and chemical maker Sabic \u2014 to reduce their dividends, most of which are paid to the state, and spend the money locally.<\/p>\n<p>The idea is that their expenditure on new infrastructure and technology will be big enough to accelerate the country\u2019s growth and cause a jobs boom.<\/p>\n<p>The de facto leader\u2019s strategy amounts to a \u201csacrificing of current profits for future investments,\u201d Karen Young, resident scholar at the American Enterprise Institute in Washington, said in an opinion piece.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia\u2019s latest economic plan comes with a big risk: while it might help boost investment, it could also hit the government\u2019s finances. Crown Prince Mohammed bin Salman wants the kingdom\u2019s biggest companies \u2014 including oil giant Saudi Aramco and chemical maker Sabic \u2014 to reduce their dividends, most of which are paid to the state, and spend the money locally. The idea is that their expenditure on new infrastructure and technology will be big enough to accelerate the country\u2019s growth and cause a jobs boom. The de facto leader\u2019s strategy amounts to a \u201csacrificing of current profits for future [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-411160","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=411160"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411160\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}