Saudi Cabinet praises Public Investment Fund’s new five-year strategy

RIYADH: Saudi Arabia’s sovereign wealth fund continues to contribute to efforts to support the development of the Kingdom, stimulate growth and diversify the nation’s economy, the cabinet said on Tuesday.
During its weekly meeting, chaired by King Salman, the Council of Ministers praised the Public Investment Fund’s strategy for the next five years, which will “place it in a prominent position on the world map as a pioneering sovereign fund capable of investing and managing large capital in multiple markets.”