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MEED | Read the March 2021 MEED Business Review


Saudi Arabia, the world’s biggest oil exporter, is hugely exposed to the transition away from oil. With nearly 35 million people and a large young population with high expectations, Riyadh is in a race against time to diversify the kingdom’s economy and to create jobs and opportunities for young Saudis.        
Over the past five years, the Public Investment Fund (PIF) has emerged to lead the transformation of the Saudi economy.
PIF’s latest five-year plan, unveiled in February, aims to increase the value of its assets under management to $1.1tn by 2025, and $2tn by 2030, up from an estimated $400bn today. The plan also involves an estimated $3tn of investments by 2030. ....

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MEED | Unlocking Saudi's diversification opportunities


Unlocking Saudi’s diversification opportunities
23 February 2021
The kingdom’s economic growth journey and expanding privatisation and foreign investment ambitions will demand unprecedented capital flows, writes Yazaid al-Salloom, CEO of Standard Chartered Bank Saudi
International financial institutions have sought opportunities in Saudi Arabia since it unveiled plans in recent years to privatise state assets and introduced reforms to attract foreign capital under a programme to reduce its dependence on oil.
The opening up of the Saudi economy should continue to encourage private sector participation and investments, especially in sectors that were largely the domain of public sector funding.
It will provide global and regional investors with the opportunity to participate in attractive sectors such as healthcare, education, entertainment and infrastructure, among others. ....

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