October 29, 2025 7:08 PM
Saudi Arabia plans to refocus $925 billion fund after gigaproject delays, source says
Saudi Arabia is preparing to shift its $925 billion sovereign wealth fund away from a focus on real estate gigaprojects that have dominated its development goals for the last decade, a source with direct knowledge of the plans told Reuters. Crown Prince Mohammed bin Salman, the de facto ruler of Saudi Arabia, known as MbS, introduced his Vision 2030 plan in 2016 to transform the economy with a focus on large real estate projects. The sovereign fund, Public Investment Fund (PIF), has been the d...