"Investment Fund": Restructuring projects "NEOM" To achieve higher economic efficiency
Governor Economic diversification in the Kingdom, and achieving the goals of Vision 2030.
He continued during his speech at the government press conference: During 2021-2025, the Fund continued to achieve its goals by diversifying its assets, pumping investments into 13 strategic sectors, building economic partnerships, and localizing technologies and knowledge.
Al-Rumayyan added: The Public Investment Fund’s investments are by their nature long-term, and it enjoys a strong financial position. And strong investment and sufficient flexibility to deal with various circumstances and adapt to changes.
Investment Fund Projects
The Governor of the Investment Fund explained that during 2018-2020 the Fund established companies aiming to develop 10 promising sectors, and launched a number of major projects, NEOM, the Red Sea, Qiddiya, and Rushen, which are the first projects of their kind in the world.
He stressed that the Fund’s projects contributed locally to improving the quality of life of citizens and residents, by launching national companies to become A pioneer in its sectors.
Al-Rumayyan pointed out that "Between 2021 to 2024, the Fund contributed one-third of the Kingdom’s real non-oil GDP growth."
He pointed to the development of 3 stadiums ready to host the 2034 World Cup, and reaching the capacity of 96 million passengers at King Salman International Airport.
Structuring NEOM projects
Al-Rumayyan continued that the urban development and urban development system will contribute to achieving a number of national goals, including raising the proportion of Saudis’ ownership of housing by 70%.
He added that classifying NEOM as an independent system within The fund’s strategy for the next five years embodies the depth of commitment to the success of this project, stressing that the NEOM plan is based on gradual completion and economic feasibility, with a focus on "Oxagon" As a first mover.
In the same context, the Governor of the Public Investment Fund confirmed that it is underway "now" Restructuring projects "NEOM" To achieve higher economic efficiency.
Government press conference
And it was launched today The government press conference, which hosts the Governor of the Public Investment Fund, to talk about the Public Investment Fund’s strategy for the next five years 2026 – 2030.
Al-Rumayyan answers questions from media professionals and journalists at the conference.
The conference is broadcast live on Saudi television channels, the Shahid platform, and the social media platforms of the Ministry of Information.
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