{"id":90631,"date":"2024-10-17T00:00:00","date_gmt":"2024-10-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/"},"modified":"2024-10-17T00:00:00","modified_gmt":"2024-10-17T00:00:00","slug":"gigaprojects-look-at-more-prudent-budget-allocations","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/","title":{"rendered":"Gigaprojects look at more prudent budget allocations"},"content":{"rendered":"

Please spend responsibly:<\/strong> Gigaprojects in the Kingdom are now shifting to a more \u201cprudent\u201d approach to spending as the government \u201ctightens its belt\u201d on the spending frenzy, the Financial Times<\/a> says in its Big Read. The belt-tightening \u2014 which isn\u2019t \u201ceven remotely close to an austerity program\u201d \u2014 requires that these gigaprojects and those who run them maintain \u201cno margin of error\u201d on their deliverables and KPIs, says Jerry Inzerillo, CEO of the USD 65 bn Diriyah Gate gigaproject. \u201cWe have to spend the kingdom\u2019s money responsibly,\u201d Inzerillo said. <\/p>\n

REMEMBER- <\/strong>A government committee led by Crown Prince and Prime Minister Mohammed bin Salman is reportedly wrapping up a review<\/a> of gigaprojects with a view to trimming spending at some. Project timelines are being adjusted<\/a> to avoid straining the economy. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"

Please spend responsibly: Gigaprojects in the Kingdom are now shifting to a more \u201cprudent\u201d approach to spending as the government \u201ctightens its belt\u201d on the spending frenzy, the Financial Times says in its Big Read. The belt-tightening \u2014 which isn\u2019t \u201ceven remotely close to an austerity program\u201d \u2014 requires that these gigaprojects and those who […]<\/p>\n","protected":false},"author":1,"featured_media":90632,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2561],"tags":[233,27,10,509,229],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saudi-in-the-news","tag-diriyah","tag-economy","tag-enterpriseam-ksa","tag-gigaprojects","tag-saudi-in-the-news","wpautop","entry"],"acf":{"mongo_id":"3ca26703-845b-4f8a-8392-77518d3f0cf3","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1345.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Gigaprojects look at more prudent budget allocations","related_issue":[90618],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.66d6cc21-94ff-4c6e-8377-05a1d2385373.mp3"},"yoast_head":"\nGigaprojects look at more prudent budget allocations - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gigaprojects look at more prudent budget allocations\" \/>\n<meta property=\"og:description\" content=\"Please spend responsibly: Gigaprojects in the Kingdom are now shifting to a more \u201cprudent\u201d approach to spending as the government \u201ctightens its belt\u201d on the spending frenzy, the Financial Times says in its Big Read. The belt-tightening \u2014 which isn\u2019t \u201ceven remotely close to an austerity program\u201d \u2014 requires that these gigaprojects and those who […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-17T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gigaprojects look at more prudent budget allocations\",\"datePublished\":\"2024-10-17T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/\"},\"wordCount\":156,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Diriyah\",\"ECONOMY\",\"EnterpriseAM KSA\",\"Gigaprojects\",\"SAUDI IN THE NEWS\"],\"articleSection\":[\"SAUDI IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/\",\"name\":\"Gigaprojects look at more prudent budget allocations - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-10-17T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gigaprojects look at more prudent budget allocations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gigaprojects look at more prudent budget allocations - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/","og_locale":"en_US","og_type":"article","og_title":"Gigaprojects look at more prudent budget allocations","og_description":"Please spend responsibly: Gigaprojects in the Kingdom are now shifting to a more \u201cprudent\u201d approach to spending as the government \u201ctightens its belt\u201d on the spending frenzy, the Financial Times says in its Big Read. The belt-tightening \u2014 which isn\u2019t \u201ceven remotely close to an austerity program\u201d \u2014 requires that these gigaprojects and those who […]","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/","og_site_name":"KSA","article_published_time":"2024-10-17T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Gigaprojects look at more prudent budget allocations","datePublished":"2024-10-17T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/"},"wordCount":156,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?fit=%2C&ssl=1","keywords":["Diriyah","ECONOMY","EnterpriseAM KSA","Gigaprojects","SAUDI IN THE NEWS"],"articleSection":["SAUDI IN THE NEWS"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/","name":"Gigaprojects look at more prudent budget allocations - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?fit=%2C&ssl=1","datePublished":"2024-10-17T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/17\/gigaprojects-look-at-more-prudent-budget-allocations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Gigaprojects look at more prudent budget allocations"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1345.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/90631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=90631"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/90631\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/90618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/90632"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=90631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=90631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=90631"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=90631"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=90631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}