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Saudi’s PIF takes $8 billion writedown on megaprojects
semafor.com/article/08/15/2025/saudis-pif-takes-8-billion-writedown-on-megaprojects
Saudi Arabia’s Public Investment Fund, the engine driving the kingdom’s ambitious Vision 2030 economic transformation plan, slashed $8 billion in value from its five mega-projects as costs spiraled and oil prices dipped.
The writedown, revealed in PIF’s 2024 annual report, comes as the…
This story appeared on semafor.com, 2025-08-15 12:47:59.