“They need the money, they need that outside investment that is crucial to delivering ‘Vision 2030,'' David Petraeus told CNBC.
David Petraeus, former CIA chief, says that Saudi Arabia is running out of money and needs Aramco's IPO to fuel its investments in the coming years. Petraeus said that the Kingdom's budget deficit depends on the price of Brent crude, which means that the country's economy is in part tied to Aramco's success to fund its Vision 2030 plan. The ex-CIA chief said that KKR Global Institute, which he chairs, put $2 billion into the UAE and was now looking at other places to invest.
David Petraeus, former CIA chief, says that Saudi Arabia is running out of money and needs Aramco's IPO to fuel its investments in the coming years. Petraeus said that the Kingdom's budget deficit depends on the price of Brent crude, which means that the country's economy is in part tied to Aramco's success to fund its Vision 2030 plan. The ex-CIA chief said that KKR Global Institute, which he chairs, put $2 billion into the UAE and was now looking at other places to invest.
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