Analysis | How a $600 Billion Fund Is Building Saudi Arabia’s Post-Oil Future
Author: Yuvi January 27, 2023
In a world where deep-pocketed investors are becoming harder to find, Saudi Arabia’s $600 billion sovereign wealth fund is spreading around the oil-rich kingdom’s largesse as never before. The Public Investment Fund has snapped up sports teams and electric carmakers and funded new cities in the desert as it seeks to amass $2 trillion in assets by 2030. Whether all these investments earn a big return is beside the point. The fund’s ultimate goal is to diversify the kingdom’s oil-reliant economy a
