Saudi’s Vision 2030 Projects Declared Fully Funded by Finance Ministry

The Ministry of Finance has declared that all projects and strategies under Vision 2030 are sustainably funded, emphasising that public finances have remained unaffected.

The ministry clarified the separation between public finances and the operations of the Public Investment Fund (PIF). The PIF operates by creating independent companies for massive projects like NEOM, Qiddiya, Diriyah Gate and the Red Sea, with each project having its own board, budget and strategic timeline.

The announcement also addressed the transfer of Aramco shares to the PIF, clarifying there are no current plans for additional transfers. Revenues from Aramco, derived through royalties, taxes and distributions, remain stable, with only distributions impacted by share transfers.