Saudi Economic Outlook 2016

The IMF predicts a fiscal crisis in Saudi Arabia within 10 years. They said that foreign financial assets fell over the last seven consecutive months to $654 billion at the end of August. Then, Saudi Arabia raised 55 billion riyals from debt insurance this year, and the IMF expects debt-to-GDP ratio to grow to 17% next year.

Paddy Padmanathan, President and CEO of ACWA Power talks about the outlook for the economy in Saudi Arabia.