Saudi Cost-Cutting Drive May Cancel $20 Billion of Projects

Saudi Cost-Cutting Drive May Cancel $20 Billion of ProjectsSaudi Arabia is weighing plans to cancel more than $20 billion of projects and slash ministry budgets by a quarter to repair finances squeezed by low oil prices, people familiar with the matter said, efforts that analysts expect to slow economic growth.

Saudi Cost-Cutting Drive May Cancel $20 Billion of Projects