Saudi Finance Minister: Interruption to Economy, Revenue After Attack Is Zero

The transcript covers the impact of oil output disruptions on revenue, defense spending, and economic uncertainty. It highlights Saudi Arabia's economic reforms and Vision 2030 progress, including housing and tourism. The discussion includes plans for the Saudi Aramco IPO, stock market resilience, and government support. Fiscal policy and efficiency reforms are addressed, along with IMF recommendations. The transcript concludes with insights into foreign investment and economic opportunities in Saudi Arabia.

What was the impact on revenue due to the oil output disruption?

• No impact on revenue

• Minor impact on revenue

• Significant loss in revenue

• Revenue increased

What is a key element of the Vision 2030 program mentioned in the transcript?

• Providing housing products

• Developing new military technology

• Expanding agricultural land

• Increasing oil exports

What is the expected timeline for the Saudi Aramco IPO according to the transcript?

• Within the next 18 months

• Within the next 12 months

• Within the next 24 months

• Within the next 6 months

How did the local stock market react to the attacks on the Saudi energy infrastructure?

• It collapsed significantly

• It showed resilience

• It remained unchanged

• It experienced a minor dip

What fiscal policy recommendation did the IMF make?

• Increase spending significantly

• Be more reserved and efficient

• Cut all defense spending

• Focus solely on oil revenue

What is highlighted as a strength of Saudi Arabia's economy?

• Low foreign reserves

• High foreign reserves

• Lack of foreign investment

• Dependence on oil

What sector saw a 24% growth in FDI in the first quarter?

• Education

• All sectors

• Tourism

• Healthcare