>> Saudi Arabia's government ordering a review of billions of dollars of unfinished infrastructure in economic development projects, in an effort to scale back spending. Sinking oil prices making it difficult for Riyadh to find the cash to complete construction on many of the projects. Some of which are relics from a ten year boom in oil prices and lavish state spending.
Sources tell Reuters Riyadh's Bureau of Capital and Operational Spending Rationalization and Agency, set up to make the government more efficient, is compiling a list of projects that are under 25% complete. Saudi officials are looking to find out which of the projects fit best with the government's reform plan, that aims to diversify the Saudi economy beyond oil exports.
Riyadh is also considering bringing in companies from the private sector to complete some of the projects, to help ease pressure on squeezed state finances.