The measures are part of a 200 billion riyal package that is to extend over four years.
Following are next year's measures:-- Residential housing loans worth 21.3 billion riyals-- A 10 billion riyal fund to support economic projects-- 1.5 billion riyals to support distressed companies-- A 2.8 billion riyal government fund will be created to invest in smaller companies-- 400 million riyals will be spent on highly efficient air conditioning equipment-- 5 billion riyals of export financing-- 800 million riyals to boost the capital of Kafalah, a program which lends to small and medium-sized enterprises (SMEs)-- 1.6 billion riyals of indirect financing to SMEs-- 7 billion riyals worth of customs fees will be returned to SMEs-- 5 billion riyals for a program supporting large investments; the government did not give details-- 2.56 billion riyals of spending on the country's broadband and fiber optics infrastructure-- 13.87 billion riyals to promote advanced construction techniques (Reporting by Reem Shamseddine; Writing by Andrew Torchia)