As Crown Prince Mohammed bin Salman races to diversify Saudi Arabia’s oil-dependent economy, the $620 billion Public Investment Fund (PIF) — which he chairs — is taking center stage, supplanting a pedigreed business class to become one of the most powerful institutions in a fast-changing economy. Receding is the conservative Islamic kingdom of old, which lived off its oil revenues while cautiously investing in safe US treasuries and disbursing lucrative state contracts. This is Saudi Inc. And its self-styled Founder is ripping up the rule book. READ MORE
Similar Posts:
- Finance Minister Says Saudi Arabia is Investing in Technology ‘Like There’s No Tomorrow’ (Yahoo! Finance)
- Saudi Austerity Reversal Marks Power Play in Kingdom (WSJ)
- Saudi Arabia Builds Cities in the Sand to Move Beyond Oil (Bloomberg)
- Saudi Arabia’s Tadawul Stock Market and Foreign Investment (AFC)
- Spotlight on Saudi Arabia (Franklin Templeton)
- The $2 Trillion Project to Get Saudi Arabia’s Economy Off Oil (Bloomberg)
- Credit Suisse: Saudi Arabia and Qatar Set to Lose Big After UBS Deal (Middle East Eye)
- Saudi Arabia Plans for a Future Beyond Oil (Washington Post)
- Saudi Arabia Could be Emerging Markets’ Next Rising Star (Lazard)
- Saudi Arabia’s First Successful Play for Emerging Market Status (Franklin Templeton Investments)
- Saudi Arabia: A Rising Investment Destination (VanEck)
- AlKhorayef Water & Power Technologies Co. (AWPT) (TADAWUL: 2081): Cashing in on the Saudi Infrastructure Boom
- Changes to the Emerging Markets Club: China (A Shares), Argentina and Saudi Arabia (Franklin Templeton)
- Saudi Arabia’s Emerging Market Pursuit (Franklin Templeton)
- A Year of Historic Change in Saudi Arabia (AP)
