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Saudi Arabia plans to refocus $925 billion fund after giga project delays, source says...
30 Oct, 2025 08:12 1040 min read
Saudi Arabia's Public Investment Fund (PIF) is shifting its strategy away from massive real estate gigaprojects like NEOM to focus on more sustainable, near-term returns. The new plan will concentrate on six core sectors: logistics, advanced manufacturing, tourism, clean energy, and mining—including exploiting rare earth reserves. A major push into artificial intelligence, powered by the kingdom's energy resources, is also a key pillar. This pivot is driven by the need to improve the fund's financial performance after some flagship projects faced delays and lower-than-expected returns.... More