Skip to main content

Saudi gigaproject dilemma, Ras el-Hekma boost, Tunisia

Comments from Saudi Arabia’s Finance Minister Mohammed Al-Jadaan this week add to the evidence that spending on gigaprojects may be curtailed. But his comments pinning this on concerns about overheating somewhat miss the mark; we think it has much more to do with fiscal constraints. Elsewhere, Egypt received the second tranche of the bumper Ras el-Hekma deal that will further improve FX liquidity and the broader external position. And finally, while a boom in olive oil exports has helped Tunisia avoid severe balance of payments strains, the persistence of unorthodox monetary policies threatens a messy crisis.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access