Mohammed bin Salman’s roadmap to a new Saudi Arabia

Tuesday 24th May 2016
Prince Mohammed bin Salman forms 2 trillion dollar sovereign wealth fund

Prince Mohammed bin Salman forms 2 trillion dollar sovereign wealth fund

Share this article:

In recent weeks the Deputy Crown Prince has revealed his plans for creating a new Saudi Arabia. The visionary Prince is planning sweeping reforms to the economy, and the creation of a 2 trillion dollar sovereign wealth fund.

In spite of his youth the Prince’s rise has been bolstered by his achievements during his father’s rule, and has now landed him the the position of reforming the oil dependant kingdom. This will be partially achieved by the privatization of Aramco, the Prince and his Father intend to sell off approximately 5% of the state owned company to raise funds for the diversification of the nations interests.

The Prince, fluent in English and a huge fan of the late Apple founder Steve Jobs, is applying his political and business acumen to the greatest challenges facing the oil rich Kingdom. It is well known the surrounding nations of Qatar and the Emirates have long been investing their national revenues in sovereign investment funds, the Qatar royals, the Al Thani’s, have poured money into their international businesses with a focus on London, and it now looks that the KSA will follow this pattern on a much grander scale. The 2 trillion sovereign wealth fund will be the largest in the world, and will do much to ease the fears of the oil dependant owner’s of Saudi Arabia.

Click here to view Prince Mohammed’s full interview on Al Arabiya.


More News

Houthi missile strike on Saudi airport injures 26

26 civilians have been injured in a missile strike by Yemen’s Houthi rebels on Abha airport in the south-west of the kingdom. The strike was reportedly a cruise missile, and comes just two days after […]

Saudi air defences intercepted Houthi drone attack

Saudi air defence forces intercepted two drones launched by the Yemeni Houthi rebels, targeted Khamis Mushait in the South of the Kingdom on Monday. The attack caused no damage or casualties. The Houthi rebels are […]

Saudi Royals welcome Qatar diplomats in Jeddah

A step forward in relations between the Saudi and Qatari Royal family’s has been heralded by Qatari diplomats travelling to Saudi Arabia for talks with King Salman in preparation for their country’s attendance at a […]