Saudi Arabia turns to debt to boost its megaprojects and reduce the deficit

The Saudi economy has decided to take a step further in terms of diversifying its sources of investment by attracting foreign investors, and issuing debt through its subsidiaries to reduce its dependence on State financing. Saudi Arabia’s real estate market is opening up to foreigners. To this end, the Saudi Arabian Public Investment Fund (PIF) plans to adopt, in line with Saudi Vision 2030, a new strategy to solve the $40 billion of debt that h…