This is a Saudi Arabia news story, published by CNBC, that relates primarily to the Public Investment Fund news.
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Saudi economyCNBC
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80% Informative
Saudi Arabia is moving full steam ahead with its focus on domestic investment.
The kingdom's $925 billion sovereign wealth fund, the Public Investment Fund , saw its assets jump 29% in 2023 .
The fund's investments in domestic infrastructure and real estate development grew 15% year-on-year to 233 billion riyals , while its foreign investments increased 14% .
"It took a while for bankers to fully appreciate the scope and scale of the pivot. It's rightly all about transforming the economy.".
VR Score
87
Informative language
91
Neutral language
21
Article tone
semi-formal
Language
English
Language complexity
60
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
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