Saudi Arabia is poised to announce a significant overhaul of its economic strategy through the Public Investment Fund (PIF), marking a pivotal shift in Crown Prince Mohammed bin Salman's Vision 2030. According to Business Recorder, the PIF, valued at $925 billion, will unveil its 2026-2030 strategy this week, emphasizing sectors like industry, minerals, artificial intelligence, and tourism. This new direction reflects a move away from costly mega-projects such as The Line, a futuristic mirrored city, as noted by multiple sources including Middle East Eye and wkzo.com. The strategy aims to attract global asset managers, addressing fiscal pressures due to oil prices remaining below the levels needed to fund the kingdom's ambitious transformation agenda.
ECONOMY
Saudi PIF to Unveil 2026-2030 Strategy This Week

Saudi Arabia's PIF to unveil a new 2026-2030 strategy, shifting focus to AI, tourism, and industry, moving away from mega-projects to attract global investors amid fiscal pressures.
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