US EditionSaudi Arabia plans to refocus $925 billion fund after gigaproject delays: Reuters
12 Articles
12 Articles
Saudi Arabia is preparing to redirect its sovereign investment fund of $925 billion, apart from the real estate projects that have dominated its development goals in the last decade, declared for...
Saudi Arabia plans to refocus $925 billion fund after gigaproject delays, source says
Saudi Arabia is preparing to shift its $925 billion sovereign wealth fund away from a focus on real estate gigaprojects that have dominated its development goals for the last decade, a source with direct knowledge of the plans told Reuters.
Saudi Tourism Minister Ahmed Al-Khatib stated that the Kingdom received 116 million tourists in one year, who spent approximately 260 billion riyals, reflecting the rapid growth of the tourism sector within the framework of Vision 2030 and major projects led by the private sector and the Public Investment Fund.
Neom in spotlight as PIF lays out six-point plan
PIF’s Al Rumayyan reveals strategy Neom one of six main investment areas Governor speaking at FII Saudi Arabia’s Public Investment Fund is in the final stages of approving a revised investment strategy for the Neom giga-project, governor Yasir Al Rumayyan has said. The plan is part of the fund’s wider shift to concentrate on six major development areas. AGBI reported in March that the fund had ordered spending cuts to certain projects, some by a…
Saudi Arabia plans 'to refocus $925bn fund' after gigaproject delays
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