Saudi Royals Still Spend During an Age of Austerity.

Authors :: KULISH, NICHOLAS
MAZZETTI, MARK
Miles, Hugh
Hubbard, Ben
Schreuer, Milan
Magra, Iliana
Kirkpatrick, David D.
Source :: New York Times. 12/27/2016, Vol. 166 Issue 57459, pA1-A9. 3p. 12 Color Photographs, 9 Black and White Photographs.
Publication Year :: 2016
Abstract: The article discusses the spending of the royal family of Saudi Arabia during the period of austerity. Topics discussed include the construction of a palace for King Salman in Morocco despite the cancellation of projects in Saudi Arabia, reserves of petroleum as the source of the family's fortunes, the economic crisis in Saudi Arabia and alternatives to the privatization plan of the country.