Saudi Arabia Swells with USD 480bn

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The Saudi Arabian estimates the Kingdoms asset to be valued at USD480 billion. The increase is as a result of contributions from accelerating oil prices that actually compensated the Kingdoms spending.

The revenues received will also be utilized for those living in the lower bracket, for economy enhancement and for improving job growth.

The additional money is important for the Kingdom, as the budget forecast for the year 2011 dampened due to increase in spending.

Source: menafn.com

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