Under Chairmanship of HRH Crown Prince, Public Investment Fund Approves Fund’s Five-Year Strategy

Under Chairmanship of HRH Crown Prince, Public Investment Fund Approves Fund’s Five-Year Strategy

Under Chairmanship of HRH Crown Prince, Public Investment Fund Approves Fund's Five-Year Strategy



الأحد 1442/6/11 هـ الموافق 2021/01/24 م واس









































Riyadh, Jan. 24, 2021, SPA -- Under the Chairmanship of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Chairman of the Council of Economic Affairs and Development, the Board of Directors of the Public Investment Fund approved the Fund's five-year strategy.

HRH the Crown Prince said that the new strategy represents a major pillar in achieving the aspirations of our dear country towards economic growth, upgrading the quality of life, and achieving the concept of comprehensive and sustainable development in various traditional and modern sectors. The Fund will work in the coming years on many goals, the most important of which is pumping at least SR150 billion annually in the local economy, in addition to contributing through its subsidiaries to the non-oil GDP with SR1.2 trillion cumulatively. The fund also aims, by the end of 2025, to have the size of assets exceeding SR4 trillion, in addition to creating