With 500,000 jobs and 50 new companies, PIF finds Saudi Arabia a place in the sun
RIYADH: When Saudi Arabia announced its Vision 2030 in 2016, aimed at accelerating the growth of the non-oil sector, skeptics doubted how a nation that has been relying heavily on oil-based revenue for so many decades would execute it with perfection.
Six years later, the progress made by the country in non-oil sectors indicates that Kingdom is moving ahead in the right direction, primarily driven by the efforts of its Public Investment Fund, which always maximizes its assets for the Saudi economy.
As a part of PIF’s 2021-2025 strategy, it is spearheading new economic and business opportunities in the Kingdom and is redesigning the face of Saudi Arabia globally.
Fueling employment
PIF is currently one of the world’s largest and most influential sovereign wealth funds, with total assets under…