Will signing expensive footballers like Cristiano Ronaldo break Saudi Arabia’s finances? No, because the total spending is still relatively small, according to Bloomberg Economics. But sports outlays and the construction of futuristic cities such as Neom increase import expenditures, thus requiring a higher oil price to pay for them.
(Bloomberg) — Will signing expensive footballers like Cristiano Ronaldo break Saudi Arabia’s finances? No, because the total spending is still relatively small, according to Bloomberg Economics. But sports outlays and the construction of futuristic cities such as Neom increase import expenditures, thus requiring a higher oil price to pay for them.
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