Vision 2030 projects are sustainably supported: Saudi Finance Ministry
The Ministry of Finance has
confirmed that all projects under Saudi Arabia’s Vision 2030 are
fully funded and sustainably supported, ensuring continued economic growth
without straining public finances.
In a statement, the ministry
emphasized the distinction between the government’s budget and the Public
Investment Fund (PIF), which is responsible for funding large-scale initiatives
like NEOM, Qiddiya, Diriyah Gate, and the Red Sea Project.
Each of these projects is managed by independent companies, with dedicated
boards, budgets, and strategic timelines.
The announcement also addressed the
transfer of Aramco shares to the PIF, stating that there are no plans
for further transfers at this time. The ministry reassured that Aramco’s revenue—generated
from royalties, taxes, and distributions—remains stable, with the only impact
being from the distribution adjustments linked to share transfers.
Source: https://cairoscene.com/
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