Saudi Arabia's Big Money Plan for 2026

Saudi Arabia has a big plan for 2026. They need to borrow a lot of money. The finance minister has approved this plan. The country needs about 217 billion riyals. That is around $57. 86 billion. This money will help cover a budget shortfall and pay back some old debts. Saudi Arabia is the world's top oil exporter. They are trying to change their economy. They want to rely less on oil. This is part of their Vision 2030 plan. The plan involves huge investments. It aims to reduce dependence on oil money.In 2026, Saudi Arabia will start the third phase of Vision 2030. This phase focuses on making the most of past reforms. The country is shifting its big investment fund. It is moving away from real estate. Instead, it will focus on logistics and religious tourism. The money will come from different places. The domestic market will contribute 20% to 30%. The international market will add 25% to 30%. The private market will also play a big role. It could cover up to 50% of the funding. This includes project infrastructure financing and export credit agencies. This plan shows Saudi Arabia's commitment to change. They are taking steps to secure their financial future. The goal is to build a more diverse and stable economy.