PIF — driving force behind economic diversification
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Source: zawya.com
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PIF — driving force behind economic diversification
DUBAI: This was a crunch year for Saudi Arabia’s sovereign wealth body, the Public Investment Fund, as it announced a five-year strategy to push the Kingdom’s diversification drive. It picks up from the body’s first five-year plan launched in 2017, when the Saudi government chose the PIF to “lead the charge in building a national economic transformation.” The fund posted
Source: arabnews.com
Crown Prince launches Jeddah Downtown $20bln master development plan
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Source: zawya.com
Crown Prince launches Jeddah Downtown $20bn master development plan
RIYADH: Crown Prince Mohammed bin Salman has launched the master development Downtown Jeddah project, formerly known as “New Jeddah Downtown”, to develop 5.7 million square meters with a total investment of SR75 billion ($19.98 billion). The project will be implemented by the Public Investment Fund’s Central Jeddah Development in three phases, the first of which will be
Source: arabnews.com