Can Saudi Arabia Afford All Those Mega-Billion-Dollar Projects? -- Oilprice.Com -- April 17, 2018

Link here. Data points:

• Saudi Arabia's sovereign wealth fund
• US$250 billion in assets under management (I show about $500 billion)
• plans to expand to $400 billion by 2020 but right now: US$250 billion
• Saudi Arabia 2018 budget
• deficit of US$52 billion
• oil price target: US$80 / bbl
• available foe mega-projects
• $2 trillion Saudi Aramco valuation
• IPO, at 5%: US$100 billion
• plus the sovereign wealth fund, results in total of US$350 billion
• that leaves $33 billion short for the mega-projects planned by Prince Salman
• Financial Times:
• oil needs to be trading at $120/bbl for Saudi Aramco to be valued at US$2 trillion
• at a price of US$64/bbl, Aramco would be worth just US$1.1 trillion
• the six mega-projects
• Neom city project and the Softbank deal (solar project): US$700 billion
• another smart city for Egypt: US$7 billion
• refinery deal with three Indian companies: US$44 billion
• refinery project in Malaysia: US$7 billion
• petrochemicals complex in Saudi Arabia; US$5 billion
• total: US$766 billion