Saudi Arabia launched a “National Infrastructure Fund” on October 25, 2021 to invest 200 billion Riyals in projects over the next decade.

Highlights

• National Infrastructure Fund will invest in water, transportation, energy, education, health, digital infrastructure, and communication.
• The fund will finance privatized infrastructure projects as well as create investment opportunities for these projects.
• It will provide innovative financing solutions, which in turn contribute towards enhancing the attractiveness of investment opportunities.
• It will also contribute to development of Gross Domestic Product (GDP) and will help in creating job opportunities.

Why was this fund created?

The fund was created as Saudi Arabia has been striving to diversify its economy. It seeks to reduce its dependence on oil by empowering the private sector & by offering different economic initiatives. This fund will contribute to achieving the goal of Saudi’s Vision 2030 by promoting projects.