Saudi Wealth Fund’s Boss Touts Vision 2030 Progress Amid Strains

The governor of Saudi Arabia’s Public Investment Fund defended progress on the kingdom’s multitrillion-dollar economic overhaul, as lower oil prices increase pressure on the scale and pace of developments.

“Nine years since the launch of Vision 2030, you can see the results everywhere — new cities, new industries, new ecosystems and supply chains,” Yasir Al Rumayyan said in his opening speech at Riyadh’s annual Future Investment Initiative.

Yasir Al-Rumayyan

Photographer: Kent Nishimura/Bloomberg

The nearly trillion dollar wealth fund helms the Vision 2030 plan, which includes dozens of mega projects such as Neom in the kingdom’s northwest. That mission is becoming more challenging as the ...