| Today is a historical day for Saudi Arabia. It is a day on which the country is laying the foundation of its long-term plans for the future — its vision of the days to come. It is an important day for us and for our future generations. For decades, we have been talking about and discussing what would happen to the country when the cornerstone of our economy, oil, would no longer generate the largest chunk of our income.
The company’s strategic investment decisions are planned to be part of the country’s overall investment funds, which will be the Kingdom’s primary source of income instead of oil in the years to come. These funds are estimated to be around $2 trillion, the largest Sovereign Wealth Funds in the world. This fund will work on expanding the Saudi foreign investments to be more than 50 percent of the fund’s assets by 2020...............................................Full Article: Source
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