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At Davos, Saudi Arabian policymakers made their position crystal clear—the kingdom is pivoting toward more disciplined capital allocation. Their emphasis? "Smarter" spending going forward. This fiscal recalibration signals a significant shift in how the government approaches public expenditure, moving away from previous spending patterns toward more strategic, efficiency-focused investments. The timing and messaging suggest a deliberate repositioning of economic priorities that could ripple through regional and global market dynamics.