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Economy News

The Economic Times

Economy / The Economic Times

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Saudi to focus $925 billion fund on domestic economy under new 5-year plan

Saudi Arabia's Public Investment Fund is shifting focus to domestic growth. A new five-year strategy prioritizes six key themes including tourism, urban development, and clean energy. The fund aims for 80% of investments to be local. This move signals a pivot away from costly giga-projects like The Line, which is no longer a top priority for the NEOM project.

15 Apr 2026 9:18 pm