DUBAI (Reuters) – Saudi Arabia’s finance minister said Wednesday that the kingdom’s 2030 vision for diversifying the economy away from oil had been “tested and tested,” especially the coronavirus pandemic.
“This turned out to be the right plan. The economy able to cope (the coronavirus crisis), the government capable of dealing with it very properly,” Mohammed al-Jadaan said.
He added that Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, is making an investment to catalyze the personal sector, adding in the commercial sector.
(Report via Marwa Rashad and Davide Barbuscia; written through Yousef Saba; edited through Gareth Jones)
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