First Published: 2017-10-24

Main Saudi sovereign wealth fund projects to boost jobs by 2020
Managing director of Public Investment Fund says it expects to create over 20,000 jobs by 2020 through its projects.
Middle East Online

Rumayyan was speaking at a major investment conference in the capital Riyadh

RIYADH - Saudi Arabia's Public Investment Fund (PIF), the country's main sovereign wealth fund, expects to create over 20,000 jobs by 2020 through its projects, the fund's managing director said on Tuesday.

Yasir Al Rumayyan was speaking at a major investment conference in the capital Riyadh.

As part of Saudi Arabia's economic reforms announced last year, the Saudi government plans to expand the PIF, founded in 1971, to finance development projects in the country.

 

Turkey warns Syria against protecting Kurds

Two hardline Syria rebels announce merger

IS kills 25 Iraqi militiamen near Kirkuk

Sudan frees dozens of activists detained after protests

Saudi Arabia to host first Arab Fashion Week

Somalia appoints new police, intelligence chiefs

Iran plane crash rescue search halted for second night

France reaffirms commitment to Iran nuclear deal

Abbas warms up to Moscow amid cold US-Palestinian ties

Israel strikes 'historic' gas contract with Egypt

Are Iranian satellite channels aiding regime change?

Israel pounds Gaza with air strikes after rocket attack

Iraq orders deportation of French jihadist

Pro-Assad militias to enter Syria's Afrin

Three Egyptian soldiers killed in Sinai

Israeli, US officials meet over gas row with Lebanon

Iran's supreme leader says progress needed on justice

Syria Kurds claim striking positions in Turkey

Netanyahu warns Iran, brandishes piece of metal

66 feared dead as plane crashes in Iranian mountains

Saudi women to open businesses without male permission

Netanyahu slams 'outrageous' Holocaust remark by Polish PM

Israeli air strikes kill 2 in Gaza

Six suffer breathing difficulties after Turkish shelling in Afrin

Russian mercenaries - a discrete weapon in Syria

Iran protests ban on wrestler who threw bout to avoid Israel

Fears of expanding Syrian war could trigger peace deal

Battle to free Mosul of IS 'intellectual terrorism'

Turkey frees Garman-Turk journalist after one year without charge

Turkey hands life sentences to 3 journalists for Gulen links

Turkey, US agree to ‘work together’ in Syria

Thousands protest corruption in Tel Aviv amid PM indictment call

Prominent jihadist commander killed by rival Syria rebels

300 Russians killed in Syria battle last week

Tillerson, Erdogan have ‘productive, open’ talk

Iran raises rates, freezes accounts in bid to shore up rial

Kremlin says five Russians killed in US Syria strikes

Oman FM in rare visit by Arab official to Jerusalem

Senior IS leader extradited to Iraq from Turkey

Strikes hit another hospital in Syria's Idlib

Churches snub Jerusalem reception over tax dispute with Israeli authorities

Tillerson says US never gave 'heavy arms' to Kurdish YPG

Captured foreign IS suspects claim innocence

Yemeni mother awaits death penalty for spying for UAE

Fuel shortage shuts down Gaza's only power plant