Saudi Arabia’s efforts to build water, power and sewage sector projects with private consortiums has been a 'successful journey', said Mohammed Al Jadaan, the kingdom’s finance minister. Reuters
Saudi Arabia’s efforts to build water, power and sewage sector projects with private consortiums has been a 'successful journey', said Mohammed Al Jadaan, the kingdom’s finance minister. Reuters

Economy

Saudi Arabia transfers $40bn to Public Investment Fund to capitalise on opportunities amid Covid-19

The country’s finance minister says returns from PIF's global investments will be available to support public finances when needed

Nada El Sawy
Nada El Sawy

May 30, 2020