Sat, May 28, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Saudi’s $2 trillion megafund is a sign of changing times

Posted on 25 April 2016

In an interview with US news outlet at the end of last month, Deputy Crown Prince Mohammad bin Salman announced that Saudi Arabia is planning a $2 trillion sovereign wealth fund to wean the country off its dependency on oil. Currently around 80 percent of Saudi’s budget revenues come from the petroleum sector, and a priority of the government is to diversify its income.
According to the prince, if the plan succeeds, investments could be the primary source of Saudi government revenue within two decades. The fund would also be the largest sovereign wealth fund in the world, dwarfing Norway’s government pension fund, which currently has $825 billion worth of assets………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
May 2022
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031