Investment Minister Khalid Al-Falih
Investment Minister Khalid Al-Falih said Saudi Arabia has surpassed its $3.3 trillion investment target for thebaseeconomy, originally set for completion by 2030. 
Investment Minister Khalid Al-Falih said Saudi Arabia hassurpassed its $3.3 trillion investment target for the core economy, originally set for completion by 2030.
Speaking with Bloomberg at the World Economic Forum in Davos, he said theseprojections were part of Vision 2030.
Capital formation targets have already been exceeded, with a significant portion deployed into thebaseeconomy, the minister added.
Al-Falih said the government is slowing spending to let the private sector drive growth, indicating that the Public InvestmentFund (PIF) plays a key role but accounts for only 15% to 20% of total investments.
Investment Minister Khalid Al-Falih
Investment Minister Khalid Al-Falih said Saudi Arabia has surpassed its $3.3 trillion investment target for thebaseeconomy, originally set for completion by 2030.
Investment Minister Khalid Al-Falih said Saudi Arabia hassurpassed its $3.3 trillion investment target for the core economy, originally set for completion by 2030.
Speaking with Bloomberg at the World Economic Forum in Davos, he said theseprojections were part of Vision 2030.
Capital formation targets have already been exceeded, with a significant portion deployed into thebaseeconomy, the minister added.
Al-Falih said the government is slowing spending to let the private sector drive growth, indicating that the Public InvestmentFund (PIF) plays a key role but accounts for only 15% to 20% of total investments.
