Here’s Why Saudi Arabia Is Trading Oil for Pixels and Plug-Ins.
If you think Saudi Arabia is just sitting on a desert of crude oil waiting for the green transition to dry them up, you are missing the macro chessboard. The fascinating comedy of modern finance is that Crown Prince Mohammed bin Salman’s Public Investment Fund (PIF) has transformed into a Wall Street apex predator, with assets under management scaling past $910 billion.
A fierce debate is raging across trading floors over the fund’s newly unveiled 2026–2030 strategy. Critics label its massive international tech splash an expensive diversion amidst a multi-billion dollar domestic cash-reserve crunch, while bulls point to aggressive infrastructure recalibrations—like their recent $2 billion energy pact with I Squared Capital—as absolute genius.
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