Saudi Arabia Transfers ‘$40 Billion’ To PIF
Saudi Arabia’s sovereign wealth fund tapped $40 billion from foreign reserves to fund overseas investments.
Saudi Arabia’s sovereign wealth fund tapped $40 billion from foreign reserves to fund overseas investments.
Saudi Arabia is making rapid strides to diversify its economy and wean itself off its oil-dependent export economy.
New investment plan to “create well-paying American jobs” besides laying out “stronger long-term economic growth”.