Creating a country of opportunities owing to Saudi Arabia’s sovereign wealth fund
December 25, 2022
In 2016, Saudi Arabia announced the Vision 2030 blueprint to diversify the Kingdom’s economy. It dared to change its identity as an oil-rich nation to a harbinger of new ideas that would shape the world. Six years later, the Kingdom has ventured into new realms of opportunities that the Arab world would not have dared to dream of even a decade ago, thanks to its sovereign fund that controls assets worth $620 million: the Public Investment Fund. Recognized as one of the largest sovereign wealth funds in the world, the PIF has led economic diversification in Saudi Arabia through strategic international and national investments.
Read the original article in Arab News: How Saudi Arabia’s sovereign fund created a nation of opportunities