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Saudi Arabia is transferring some Vision 2030 project scopes to the private sector to avoid economic overheating and manage timelines. The government is being agile, rescoping projects while maintaining momentum on its economic transformation goals. The kingdom is over halfway through its ambitious plan, with the non-oil economy now exceeding 55% of GDP.
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RBI MPC member Nagesh Kumar urged the government to offer policy incentives for R&D and establish an institutional fund for long-term manufacturing capital in the upcoming Budget. He also suggested restoring the 200% weighted tax deduction for R&D expenditure and creating a specialized development financing institution for manufacturing to boost growth and competitiveness.
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News and Media
Europe is weighing up how to counter the US president's move against some of America's closest allies.
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News and Media
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