Ref: AD-2852
Summary: the Saudi economy’s ambitious diversification plans are facing significant challenges, as evidenced by the poor performance of its key pillars: the state-owned oil company, Saudi Aramco; its sovereign wealth fund, the Public Investment Fund (PIF); and the broader Saudi stock market, TASI. A combination of a lack of transparency, a series of failed investments, and a significant market correction is undermining the Kingdom’s long-term economic goals and its ability to attract foreign investment.
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