What is Saudi Arabia investing in?
Investment in Saudi Arabia is big business. According to its long-term economic strategy, the Saudi government wants to attract greater levels of foreign investment in emerging sectors. This includes logistics, health, education, infrastructure, entertainment, clean energy, defense, tourism, and mining.
How much is the Saudi Public Investment Fund worth?
The Public Investment Fund (PIF; Arabic: صندوق الإستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of at least $500 billion.
How much money does Saudi Arabia make off oil?
Despite Saudi Crown Prince Mohammed bin Salman’s efforts to diversify the economy away from oil, the kingdom remains heavily dependent on oil exports to fuel government spending. Saudi Aramco profit of $49 billion in 2020 is down from $88.2 billion in 2019 and $111.1 billion in 2018.
Is Saudi Arabia a good country to invest in?
Saudi Arabia was ranked the world’s 26th most competitive country, and 7th among G20 countries, supported by improvements to government and business efficiency. Furthermore, the World Bank ranked Saudi Arabia the world’s top reformer and improver in its Doing Business 2020 report.
Does Saudi Arabia have a sovereign wealth fund?
The Public Investment Fund (PIF) of Saudi Arabia was established in 1971 and is that nation’s sovereign wealth fund.
What investments in human capital is Saudi Arabia making?
Human capital in Saudi Arabia is built on firm foundations: a strong schools system, based on small class sizes averaging 11 students, and the world’s advanced ranking in government spending on education.
Is Saudi Arabia the safest country?
The Kingdom of Saudi Arabia has ranked 6th among the world safest travel destinations, in light of the novel Coronavirus (Covid-19) pandemic, and the only one in the Middle East. This came according to an article published on the Wego Travel Blog website, entitled “Safe Places to Travel During Covid-19 Pandemic.”
How much is the king of Saudi Arabia worth?
Mohammed bin Salman’s father, Salman bin Abdulaziz Al Saud the King of Saudi Arabia, ranks are the third richest royal in the world with a reported net worth of $18 billion (USD). The Saudi royal family are behind only Hassanal Bolkiah the Sultan of Brunei and Vajiralongkorn King of Thailand.