Saudi Arabia to reveal new initiatives for PIF, says Al-Jadaan

15/12/2020 Argaam

Saudi Arabia will announce a number of initiatives for the Public Investment Fund (PIF), said Mohammed Al-Jadaan, Minister of Finance and Acting Minister of Economy and Planning.  

 

Crown Prince Mohammed bin Salman earlier said that the Kingdom’s sovereign wealth fund has become one of the key drivers for the Saudi economic growth. 

 

Prince Mohammed added that the PIF is planning to inject hundreds of billions in the Saudi economy from the next year, to help new sectors emerge, provide more jobs and generate more revenue to the state.

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