Saudi Arabia's Ambitious $37 Billion Borrowing Initiative to Fund Major Development Projects

Saudi Arabia is embarking on a significant financial maneuver, planning to raise up to $37 billion through borrowing to finance an array of large-scale projects that are set to reshape the kingdom's economy and infrastructure. This strategic move comes amidst the nation's ongoing efforts to diversify its economy away from oil dependency, aligning with its Vision 2030 initiative aimed at fostering sustainable growth.

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