| Saudi Arabia’s banks may follow Banque Saudi Fransi and sell bonds denominated in dollars to better meet the long-term funding needs of infrastructure and industrial projects in the biggest Arab economy.
The world’s top oil exporter is executing more than $500 billion of projects to reduce its reliance on crude exports, modernise the country and create jobs. Some of this project financing needs to take place in dollars as companies seek to import equipment for power plants and refineries...............................................Full Article: Source
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