Saudi Arabia welcomes trilateral border treaty between Tajikistan, Kyrgyzstan, and Uzbekistan    Trump prepares to unveil sweeping new US tariffs on 'Liberation Day'    At least 22 civilians killed in Israeli strike on UNRWA clinic in Gaza    UK says it won't jump into US trade war as Starmer urges calm response to tariffs    Russia, Ukraine trade fresh accusations of violating US-brokered energy ceasefire deal    Swedish table tennis legend Jörgen Persson appointed head coach of Saudi national team    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Over 1 million pilgrims benefit from golf cart service at Grand Mosque during Ramadan    Visitors welcomed with Eid initiative at Thee Ain Heritage Village in Al-Baha    Tebuk emir reviews rain response in Tayma    Saudi Arabia considers rent cap as part of major real estate reforms    Messi's bodyguard banned from touchline at Inter Miami games    Screen time in bed linked to insomnia, study finds    Haramain High-Speed Railway transports over 1.2 million passengers during Ramadan    Saudi Transport Authority says passengers can ride for free if taxi meters are off    Ministry of Education forms 425 community partnerships with SR653 million impact    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi Press: Saudi Vision 2030 Aims to Transform PIF into One of the Largest Sovereign Wealth Funds in the World
Published in Saudi Press Agency on 28 - 01 - 2021

Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas.
Al-Riyadh newspaper reported in its editorial that the periodic government communication press briefing, which was held with the Governor of the Public Investment Fund (PIF), focused on the PIF new strategy, confirming the leadership's interest in informing citizens of all developments related this strategy over the next five years.
In this regard, HRH Crown Prince has confirmed that the strategy is a key pillar to achieve the aspirations of our dear country towards economic growth, raising the quality of life and achieving the concept of comprehensive and sustainable development in various traditional and modern sectors, the paper said.
The Kingdom of Saudi Arabia's Vision 2030 aims to transform the PIF into one of the largest sovereign wealth funds in the world by establishing national economic partnerships that would contribute to enhancing the role of Saudi Arabia in the regional and global scenes, as the PIF would be a major contributor to promoting growth of the Saudi economy and diversifying sources of income, the paper added.
The objectives that the PIF aspires to achieve by 2025 include, raising its assets to SAR 4 trillion, injecting at least SAR 150 billion annually into the local economy on an increasing level and creating 1.8 million jobs, directly and indirectly, the paper further added.
These objectives will achieve financial and developmental sustainability for the Saudi economy, support long-term economic growth and achieve welfare for citizens, the paper concluded.
In other context, Al-Bilad newspaper reported in its editorial that the leadership of the Kingdom of Saudi Arabia attaches priority to human health and safety at all times and circumstances without exception.
In the global crisis of the Coronavirus pandemic, all precautionary and preventive measures were applied since an early time to prevent the spread of the virus, as the health sector received great support to achieve all its requirements and meets its needs, which helped the health sector to implement treatment protocols in a way that exceeded expectations, the paper added.
In this regard, Saudi Arabia topped countries that were able to confront the virus strongly and effectively and topped recovery rates in Arab Gulf states, according to statistics announced by the Gulf Health Council, the paper further added.
On the other hand, international specialists confirmed that Saudi Arabia has the ability and competence to establish a factory to manufacture virus vaccines and that the efforts it has exerted to confront the pandemic are a model to be followed, the paper concluded.
-


Clic here to read the story from its source.