An unprecedented transformation of Saudi Arabia’s economic future is underway with recently unveiled plans to establish a $2 trillion sovereign wealth fund secured by state-owned giant Aramco as a key pillar of this new strategy. Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman (MbS) announced in a wide-ranging interview with Bloomberg on April 1 that the government plans to use a share offering in Aramco to sharply increase the value of the country’s Public Investment Fund.
http://www.agsiw.org/saudi-arabia-laying-the-foundation-for-a-post-oil-centric-economy/
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