Saudi’s Public Investment Fund to make half of investments domestically -prince – Reuters

RIYADH May 2 Saudi Arabia’s Public Investment
Fund, its top sovereign wealth fund, will make half of its
investments in the domestic economy, Deputy Crown Prince
Mohammed bin Salman said on Tuesday.

In a nationally televised interview discussing the
government’s economic policies, Prince Mohammed also said
authorities would announce a housing programme in the third
quarter of this year.

The government will provide over 1 million housing units
through soft loans or the Saudi Real Estate Development Fund, he
said without giving a time frame.

Prince Mohammed said the government was committed to
providing medical treatment to its citizens but would not
necessarily manage hospitals.
(Reporting by Riyadh team; Writing by Andrew Torchia)


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