Saudi King Orders $19bn Stimulus for Private Sector

Saudi King Orders $19bn Stimulus for Private SectorSaudi King Salman on Thursday issued a decree allocating 72 billion riyals ($19.2 billion) of stimulus funds to support the Saudi private sector.

The package aims to boost the role of the private sector in light of economic reforms to diversify the Saudi economy away from oil following a slump in crude prices.Saudi King Orders $19bn Stimulus for Private Sector