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Fight Over the SUCCESSION in Saudi Arabia? - VisualPolitik EN


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Last Updated: Monday 3 Safar 1439 H - October 23, 2017
The public investment fund will double its assets more than 10 times to $ 1.4 trillion
Monday, February 3, 2017
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Arabic.Net

An expanded report on the future of Saudi investments and the role of the Public Investment Fund in realizing the Kingdom's Vision 2030, published in the British newspaper The Times, predicted that the Kingdom's sovereign fund, expected to reach $ 1.4 trillion by 2030, could make the Kingdom one of the world's top economies, Areas of Technology.

The Kingdom has sent a clear message of its desire to move away from the oil-dependent economy, with Aramco's shares being offered for public subscription. The Kingdom is seeking to be the world's largest technology investor, based on the vision of Crown Prince Mohammed bin Salman 2030 to build a new post-oil economy.

He wants to invest Saudi Arabia's sovereign wealth in strategic projects inside and outside the Kingdom, particularly in global energy projects, according to the Riyadh daily.

The report pointed to the aspiration of the Crown Prince Prince Mohammed bin Salman to become the Saudi Fund the main engine of the world economy and there will be no movement of investment or development in any part of the world without the Fund to have a share in the example of investments in the Fund in each of the " Transport Fund, Vision Softbank, ADBITO, POSCO and a number of infrastructure, agriculture and healthcare projects in Russia and France.

If the vision goes as planned, the Saudi Public Investment Fund will become the world's largest sovereign wealth fund. Its assets will more than triple by 2030, to $ 1.4 trillion at current exchange rates. A lot of the Fund's sovereign investments to global technology companies, with the aim of obtaining good financial returns, as well as building huge technological capabilities for Saudi Arabia. "

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