The oil crash and the pandemic have roiled plans to focus on diplomacy and growth
had got off to a good start for Saudi Arabia. After a sluggish stretch the non-oil economy was growing, and officials were eager to lure new investment. The war in neighbouring Yemen seemed to be winding down. The world had largely moved on from the murder of Jamal Khashoggi, a journalist dismembered by Saudi agents in 2018. And the kingdom was set to host theLately, though, things have not gone to plan.
If prices stay low, however, the kingdom will need to plug a budget shortfall of up to $2bn a week. It has already cut spending by 50bn rials , the only20 member to trim outlays during the pandemic. Ministries have been asked to plan even deeper cuts. Construction firms say new contracts have ground to a halt.
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