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Bonds News

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)

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