Saudi Arabia to cut spending next year, sees economy bouncing back
Deficit seen at 5.1% of GDP in 2021 after 12% in 2020
Reuters News - 1 day ago
Public Investment Fund
Also known as: PIF Last updated on: 04 September 2019
fast facts
Business SummarySaudi Arabian governmental fund investing in national equity and financing local commercial projects with the main objective of developing the country's national economy and growth.Country of IncorporationSaudi ArabiaOwnership TypeGovernmentEstablished In1971Primary SectorFinancial ServicesLatest News
economy
Saudi Arabia has seen slowdown in FDI due to coronavirus - investment minister
Falih said it was natural for Saudi Arabia to see a slowdown in foreign direct investment given the retrenchment of trade and investment globally
Reuters News - 22-Sep-2020Gulf SWFs eyeing India's Reliance Retail unit
Mubadala, Adia and PIF reportedly in negotiations with Reliance Retail Ventures
Khaleej Times - 18-Sep-2020More than $800bln to be invested in Saudi tourism by 2030
Inbound and outbound tourist trips in Saudi Arabia is expected to reach 62 million, and tourism revenues are anticipated to exceed $37 billion by the end of 2020
ZAWYA - 17-Sep-2020US$810 billion worth of projects to help Saudi leisure tourism sector grow to new heights in the next ten years
Middle East North Africa Leisure Attractions Council (MENALAC) members would collectively benefit from the growing number of leisure attractions in the Middle East and North Africa region
Press Release - 15-Sep-2020Contact details
Primary address
Ministry of Finance - Kingdom of Saudi Arabia Building Building 2King Abdulaziz Road
6th Floor
Al-Nakheel Area
6847
Saudi Arabia
Riyadh
11452
Region
RiyadhCONTACT
- Tel: +966 11-405-0000
- Fax: +966 11-412-3474
- Email: pif@mof.gov.sa
- www.pif.gov.sa
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