Saudi Arabia plans to invest heavily in the semiconductor and aviation sectors


Saudi Arabia plans to invest heavily in the semiconductor and aviation sectors

Recently, Saudi Minister of Communications and Information Technology Abdullah Suwah stated in an interview during the World Economic Forum that Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is considering making "substantial investments" in the semiconductor industry this year. Suwaha, who also serves as the Chairman of the Saudi Space Agency, stated that PIF plans to create a national space company to invest in and acquire assets in this field.