RIYADH (Reuters) - Saudi Arabia’s Public Investment Fund, its top sovereign wealth fund, will make half of its investments in the domestic economy, Deputy Crown Prince Mohammed bin Salman said on Tuesday.
In a nationally televised interview discussing the government’s economic policies, Prince Mohammed also said authorities would announce a housing program in the third quarter of this year.
The government will provide over 1 million housing units through soft loans or the Saudi Real Estate Development Fund, he said without giving a time frame.
Prince Mohammed said the government was committed to providing medical treatment to its citizens but would not necessarily manage hospitals.
Reporting by Riyadh team; Writing by Andrew Torchia