Stephen Kalin

And they've also struggled to attract that foreign investment for a whole host of reasons.

That's right.

Since the end of last year, some of this news has been coming out, but it's really accelerated after the war began.

And so we saw just a couple of weeks ago, the governor of the Saudi Sovereign Wealth Fund was at an event in Miami, and he was talking about how the Saudi macroeconomic position remains strong, stable and resilient.

Saudi officials talk about this as being a prudent recalculation and reprioritization of their spending plans.

But the

There's also some question about where oil prices are going, how long Saudi can continue to export, and where that leaves a lot of these big projects.