Al-Akari: « We must take advantage of the high oil price to generate other sources of income and invest it in industrial and agricultural construction ».

5 February، 20225 February، 2022

The economist Misbah Al-Akari, said that the high price of oil these days, which has reached more than 93 dollars per barrel, should be taken advantage of and invested in industrial and agricultural construction and be other sources of income.

He explained that the price of oil today closed at about $93.44 a barrel, but in rentier countries that depend on one source of income, the higher this income, the more consumer spending would be, stressing the need to take advantage of these increases in the formation of other sources of income and investment. The bulk of this revenue is in industrial and agricultural construction so that we can reduce the bill for huge imports.

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