Saudi Arabia Increases 2023 Budget Expectations

....3bn, and to rise further to $41.9bn in 2023. These capex figures remain well below historic levels. Saudi capex peaked at $85.2bn in 2014 before being cut as oil prices dropped. But it was still running at $45.9bn in 2019 before the Covid-19 pandemic. The low planned capex figure for this year wa...