The consulting firm "McKinsey & Co." expected Saudi Arabia to double its spending on industrial projects and major projects by more than 3 times to exceed $ 175 billion annually starting next year.
McKinsey revealed that the existing projects include NEOM and Red Sea resorts, with a total value of $ 1.3 trillion, while the Kingdom's spending on projects is expected to increase by $ 180 billion annually in 2026 and 2027.
Saudi Crown Prince Mohammed bin Salman confirmed in his recent interview with Fox News that the Saudi non-oil economy this year will be one of the fastest in the G20.
Source (Al-Arabiya.net Website, Edited)
