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Saudi Press: Public Investment Fund is a Main Pillar in National Economy's Growth
Published in Saudi Press Agency on 27 - 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 threat of the Houthi Militias affects global stability and it is a timed bomb in a vital region that represents an energy and international shipping center, as any imbalance in it will affect the international economic system and energy security.
In this context, the new US administration has strongly condemned the Houthi missile and drone attacks on the Kingdom of Saudi Arabia, and the US position is in line with what Saudi Arabia and the Coalition Forces to Support Legitimacy in Yemen have emphasized on, which is that the Houthi militias are not serious in reaching a political solution for Yemen's peace, the newspaper added.
This threat cannot be ended, unless the pressure is focused on the Iranian sponsor first, then its arms in Yemen. The broad international condemnation of the Houthi attacks must be accompanied by decisive stances to deter this Iranian militia's behavior and the international community should assume its full responsibilities in this regard, the newspaper concluded.
Al-Yaum newspaper said in its editorial that Saudi Arabia's sustained efforts, in order to strengthen the economy's strength and diversify sources of income in accordance with Vision 2030, are reflected on the reality of the Kingdom's economy generally and on the Public Investment Fund (PIF) particularly, which has become one of the main pillars of the growth of the national economy, contributing to enhancing the ability of overcoming current circumstances.
The newspaper pointed to the periodic government communication press briefing where the Governor of the PIF, Yasir bin Othman Al-Rumayyan, talked about the size of the remarkable growth and development of the Public Investment Fund. Al-Rumayyan confirmed that the PIF is one of the largest sovereign funds in the world. He also revealed the Fund's strategies for the second phase of the year 2021 - 2025. As His Royal Highness the Crown Prince previously confirmed, the fund does not invest in businesses and sectors only, but also invests in the future of the Kingdom and the world, he added.
In the same context, Al-Bilad newspaper said that the fund is preparing to finance new investments from its money and assets, through its strategy that will include new projects in 13 vital sectors, providing new jobs, services and a better lifestyle for citizens.

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