Saudi Arabia’s Public Investment Fund plans to double its assets to 4 trillion riyals ($1.07 trillion) by 2025, Prince Mohammed bin Salman said on Sunday, a move that would make it one of the world’s biggest sovereign wealth funds.

In other news, Saudi Arabia’s fourth annual Future Investment Initiative (FII) conference will take place next week. The conference will differ from previous editions, as the main program will be livestreamed from Riyadh without participants in attendance due to coronavirus social distancing measures.

To read about this and more of the week’s news from the Kingdom, click here.

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