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After Saudi Arabia became a member of the World Trade Organization (WTO) in 2005, the overall foreign investment environment in Saudi Arabia improved thanks to the kingdom's stable economy, massive oil reserves, high power of expenditure, developed infrastructure, reinforced finance, and banking system.
It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia. [3] The wealth fund is controlled by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015. [4] [5] More than 60% of the fund's activities are within Saudi Arabia. [6]
Saudi Vision 2030 (Arabic: رؤية السعودية ٢٠٣٠ ruʾyat al-suʿūdiyah alfayn thalāthūn, sometimes called Project 2030) is a government program launched by Saudi Arabia which aims to achieve the goal of increased diversification economically, socially, and culturally, in line with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman.
Saudi Arabia has invested billions of dollars into tech overseas in recent years. The kingdom is now looking for overseas tech companies to invest in it, according to Bloomberg. The kingdom plans ...
The SAGIA played a key role in Saudi Arabia's Vision 2030 initiative, which focused on economic liberalization, foreign direct investment, and economic development. [7] In 2017, SAGIA launched Tayseer program, aimed at improving the investment climate for private companies. [8] SAGIA has signed a number of major non-oil investment agreements. [7]
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The Future Investment Initiative Institute, or FII Institute, is a non-profit organisation run by the Public Investment Fund, Saudi Arabia's main sovereign wealth fund. The Future Investment Initiative was announced in September 2017 by Saudi Arabia's Public Investment Fund , to "host an annual event bringing people together to invest in the ...
Saudi Arabia is spending billions on transforming its Red Sea coastline with new resorts, eco retreats and diving venues, plus an international airport, expected to unlock the region to big ...