Saudi Minister Urges PIF to Ease Domestic Spending, Make Way for Private Sector | Dawn News English

Описание: Saudi Arabia's investment minister on Tuesday urged the kingdom's PIF sovereign wealth fund to ease its spending on domestic projects and make way for more investments from the private sector, as the fund prepares to draft a new strategic plan.

"It is time for us to maybe scale back on this government or PIF spend to prove and to seed some of these value chains and clusters and let the private sector start investing," Khalid al-Falih said on Tuesday (October 28) as financial titans gathered in Riyadh for the country's flagship investment conference.


---------------------------------------------------------------------------------------------------------------------------
Dawn News English is your window into the latest news, insight, and features from South Asia and beyond.

Official Facebook:   / dawndotcom  
Official Twitter:   / dawn_com  
Website: www.dawn.com
Official Instagram:   / dawnnewsenglish  

#news #latestnews #dawnnewsenglish #dawnnews #saudiarabia, #pif, #investment, #privatesector, #economicgrowth, #finance, #riyadh, #strategicplan