SUPER-CYCLE
Saudi $1 trillion in capital spending aims to shift economy
Clean energy should get $235 billion over the next five years, up from a previous forecast of $148 billion, with the increase driven by renewables
Traffic in downtown Riyadh at sunset. (Photo: Getty Images)
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Saudi Arabia is headed into what Goldman Sachs terms a “capex super-cycle” as it plows more than $1 trillion into the economy and aims to strengthen industries outside the oil and gas sector.In an analysis of the kingdom’s projected...