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zephyreks@lemmy.mlM to World News@lemmy.ml · 2 years ago

Saudi Arabia predicts budget deficit as it funnels money into gigaprojects

www.ft.com

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Saudi Arabia predicts budget deficit as it funnels money into gigaprojects

www.ft.com

zephyreks@lemmy.mlM to World News@lemmy.ml · 2 years ago
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Saudi Arabia predicts budget deficit as it funnels money into gigaprojects | Financial Times
www.ft.com
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Preliminary budget statement pares growth forecast for this year to 0.03%
  • zephyreks@programming.dev
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    2 years ago

    I would actually love to see Saudi Arabia take the lead on food engineering. They might lack fresh water, but they have immense amounts of land and sun to play with.

    The only alternative I can see is a mass reforestation project.

    • Squizzy@lemmy.world
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      2 years ago

      Unfortunately what they are doing is buying Agri land abroad and repatriating the goods.

      • zephyreks@programming.dev
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        2 years ago

        Capitalism 🤷‍♀️

        That’s why the Saudi’s aren’t going to piss off the US, China, Russia, or India. Their strategy only works in peacetime.

        • Squizzy@lemmy.world
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          2 years ago

          Well the Americans bend over for them and the Russians need them more, it’s only China they have to behave for.

    • Jim East@slrpnk.net
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      2 months ago

      Properly scaled up, this type of community reforestation effort could work.

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