May 2, 2017 / 6:49 PM / in 2 years

Saudi's Public Investment Fund to make half of investments domestically -prince

RIYADH, May 2 (Reuters) - Saudi Arabia’s Public Investment Fund, its top sovereign wealth fund, will make half of its investments in the domestic economy, Deputy Crown Prince Mohammed bin Salman said on Tuesday.

In a nationally televised interview discussing the government’s economic policies, Prince Mohammed also said authorities would announce a housing programme in the third quarter of this year.

The government will provide over 1 million housing units through soft loans or the Saudi Real Estate Development Fund, he said without giving a time frame.

Prince Mohammed said the government was committed to providing medical treatment to its citizens but would not necessarily manage hospitals. (Reporting by Riyadh team; Writing by Andrew Torchia)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below