Browsing: Public Investment Fund

The Public Investment Fund (PIF) is Saudi Arabia’s is the country’s sovereign fund which is charged with transforming the reliance of Saudi Arabia from an oil-dependent country.

To diversify the industries in the country into other ‘moneymaking assets’ such as tourism, commerce, and sport, in line with Prince Mohammed bin Salman’s Vision 2030.

The Flag of Saudi Arabia is Madinah Green and has the Islamic creed inscribed on it, with Arabian sword underneath.

The Islamic creed is one of the 5 pillars of Islam, known as the shahaadah, which means to testify that there is only one God and Muhammad (pbuh) is his messenger.

The flag od Saudi Arabia which has the inscription of the Islamic creed on it- Follow WTX News latest news from Saudi Arabia
The inscription on the Saudi flag is the Islamic Creed.

The Kingdom of Saudi Arabia was made up of four regions states. Najd, Hejaz, al Ahsa and Asir. The unification of these four states on 23rd September 1932 was the formation of the Kingdom of Saudi Arabia, as we know it today.

No! Mecca is the holiest city of Islam but Riyadh is the capital of Saudi Arabia

According to the 2022 census The population of Saudi Arabia is 32,175,244 and is 90% Arab and 10% African and Asian.

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The Flag of Saudi Arabia is Madinah Green and has the Islamic creed inscribed on it, with Arabian sword underneath.

The Islamic creed is one of the 5 pillars of Islam, known as the shahaadah, which means to testify that there is only one God and Muhammad (pbuh) is his messenger.

The flag od Saudi Arabia which has the inscription of the Islamic creed on it- Follow WTX News latest news from Saudi Arabia
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The King of Saudi Arabia is King Salman bin AbdulAziz Al Saud.

The Saudi PIF is among the largest sovereign wealth funds in the world and according to the stats in 2023 it has estimated assets of US$800 billion (£627bn). Although some speculators insist it is 1Trillion Dollars.

The Public Investment fund (PIF) is charged with development and sustainability of Kingdoms future. Part of Vision 2030 the fund is designed to invest in assets to secure the financial future of Saudi Arabia by diversifying its current oil dependent resources of income for the Kingdoms future.

The currency of Saudi Arabia is the Saudi Riyal (SR) (SAR)