Saudi Arabia

In a slowing Saudi economy, the state remains dominant


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Issue 1174 - 28 Jul 2023 | 4 minute read

The high-profile campaign to make Saudi Arabia a global power in football, golf and other sports has, in many ways, eclipsed the state's domestic spending – which conventional policy wonks might say should be of greater importance to the 22m population – but the activities of Crown Prince Mohammed Bin Salman (MBS)'s prized Public Investment Fund (PIF) over the past few months tells an equally important story.

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