Saudi Arabia is reportedly making a big shift in its economic plan, moving away from the massive, headline-grabbing real estate developments that have been its focus for the past decade. A source directly familiar with the kingdom’s plans told Reuters that Saudi Arabia is preparing to reallocate its \text{\$925 billion} sovereign wealth fund, the Public Investment Fund (PIF), to other sectors. From Dream Cities to Practical Growth This move signals a change in strategy from Crown Prince Mohammed bin Salman’s (MbS) ambitious ‘Vision 2030,’ which was launched in 2016 to…
Read MoreSaudi Arabia is Hitting the Brakes on Mega-Projects: A $925 Billion Pi
