{"id":4236,"date":"2026-09-10T03:27:57","date_gmt":"2026-09-10T03:27:57","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=4236"},"modified":"2026-09-10T03:27:57","modified_gmt":"2026-09-10T03:27:57","slug":"saudi-pifs-governor-wants-the-kingdom-to-become-a-global-investment-center","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=4236","title":{"rendered":"Saudi PIF&#8217;s governor wants the kingdom to become a global investment center"},"content":{"rendered":"<p><\/p>\n<p>In case anyone was still in doubt about Saudi Arabia\u2019s investment\u202fpivot\u202fthen the kingdom\u2019s\u00a0most senior financial executive\u00a0spelt it out in the clearest terms yet last week.\u202f\u00a0<\/p>\n<div>\n<p class=\"wp-block-paragraph\">\u201cNow our new strategy is to bring the world back to Saudi,\u201d Yasir Al-Rumayyan, governor of Saudi Arabia\u2019s $1 trillion sovereign wealth fund, the Public Investment Fund\u202f(PIF),\u202ftold a packed auditorium\u202fat the Future Investment Initiative (FII)\u202fPriority\u202fEurope summit\u202fheld\u202fin Rome\u202flast week.\u202f\u00a0<\/p>\n<p class=\"wp-block-paragraph\">While\u202fthe\u202fPIF\u2019s\u202fprevious\u202finvestment strategy focused on integrating Saudi Arabia more deeply into the global economy,\u202fthe fund is now\u202fseeking\u202fto make the kingdom\u202fa\u202fcenter\u202fof global economic activity\u202fas outlined in its recently approved\u202f2026\u201330\u202fstrategy.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The\u202fPIF\u2014the main driver of Saudi\u2019s multitrillion-dollar Vision 2030 diversification plan\u2014is directing 80% of its capital\u202finto domestic investments, scaling back foreign allocations to 20% from a peak of 30% and deprioritizing costly or slow-yielding\u202fgiga-projects.\u202f\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Al-Rumayyan\u2019s\u202fremark\u202fcomes\u202fin the wake of a\u202fseries of\u202fsizeble\u202fcutbacks\u202facross some of Saudi\u2019s prized\u202fgiga-projects\u202fsuch as\u202fNeom\u2014an\u202feconomic zone under construction in northwest Saudi Arabia.\u202f\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Neom\u2019s flagship\u202finfrastructure project\u202f, The Line\u2014originally envisioned as a 106-mile futuristic, linear megacity for 9 million residents\u2014 is to be radically scaled back to measure just 1.5 miles in its first phase, while ski\u00a0resort\u202fTrojena\u202fis also being downsized and will no longer host the 2029 Asia Winter Games,\u202fas planned.\u202f\u00a0<\/p>\n<p class=\"wp-block-paragraph\">But the kingdom is still grappling with sizeable budgets in preparing to host the\u202fExpo 2030\u202fworld trade fair\u202fand the\u202fFIFA\u202fWorld Cup in 2034.\u202f\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The Iran war has added fresh urgency to\u202fthe\u202fPIF\u2019s need to sharpen its focus on projects and sectors that are expected to drive returns.\u202fThe\u202f<em>FT\u202f<\/em>reported earlier this year that there would be a\u202fgreater focus on \u201cindustrial\u201d sectors in Neom, including data\u202fcenters.\u202f\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Reductions in Saudi\u2019s oil exports,\u202fbecause of\u202fthe blockade on the Strait of Hormuz,\u202ffollows years of lower oil prices and growing budget deficits in the kingdom\u2014since 2013, Riyadh has\u202freported one budget surplus\u202fwhen oil prices passed $100 a barrel in 2022.\u202f\u00a0<\/p>\n<p class=\"wp-block-paragraph\">In helming\u202fthe\u202fPIF, Al-Rumayyan\u202fis trying to\u202fmaintain\u202fa difficult balancing act of funding an expensive economic transformation while coping with lower oil income, fiscal\u202fpressures\u202fand geopolitical uncertainty across the region.\u202f\u00a0<\/p>\n<p class=\"wp-block-paragraph\">While speaking at the summit, Al-Rumayyan\u202fhighlighted the need for Aramco\u202f\u00a0to\u202fexpand its international oil storage facilities in response to oil market turbulence and called for \u201cenergy realism,\u201d\u202fas I discuss in my online piece here.\u202f<\/p>\n<p class=\"wp-block-paragraph\">With the ink barely dry, the interim peace deal that was signed last week between the U.S. and Iran has already been put to the test by both sides.\u202f\u00a0<\/p>\n<p class=\"wp-block-paragraph\">While the Middle East\u202fremains\u202fa geopolitical tinderbox, it is hard to envisage tourists, businesses and foreign investors rushing to fulfill Al-Rumayyan\u2019s\u202fgrand vision of bringing the world to Saudi.\u00a0<\/p>\n<p class=\"wp-block-paragraph\"><em><strong>Melissa Hancock<\/strong><br \/>melissa.hancock@fortune.com<\/em><\/p>\n<p class=\"wp-block-paragraph\"><em>Get in touch: Reply to this email with feedback or contact me directly at the address above.<\/em><\/p>\n<h3>Is the U.S. counting on the Gulf to rebuild Iran?<\/h3>\n<p><span data-contrast=\"auto\">The proposed $300 billion fund to rebuild Iran forms a\u202f<\/span><span data-contrast=\"none\">key part of the MoU<\/span><span data-contrast=\"auto\">\u202fsigned between the U.S. and Iran last week\u2014but\u202fit&#8217;s\u202fstill anyone&#8217;s guess who will foot the bill.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p>While the text states that the U.S. will work with its regional partners to reconstruct and support Tehran\u2019s economic development, it omits to mention who will\u202factually contribute\u202fto the fund.<\/p>\n<p><span data-contrast=\"none\">As a result, it is fast proving to be a flashpoint in the ongoing fragile negotiations.\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">In a bid to shore up support from Gulf allies, U.S. Secretary of State Marco Rubio will\u202f<\/span><span data-contrast=\"none\">visit several GCC states this week<\/span><span data-contrast=\"none\">, while also holding a meeting with the Gulf Cooperation Council\u2014the formal grouping of the six GCC states that also includes Saudi Arabia,\u202fQatar\u202fand Oman. <\/span><\/p>\n<p><span data-contrast=\"none\">In an interview with Fox News last week,\u202fU.S. Vice President JD Vance said that\u202f<\/span><span data-contrast=\"none\">Tehran will &#8220;never get a dime&#8221;<\/span><span data-contrast=\"none\">\u202ffrom American taxpayers under the deal. In a separate interview with CBS News, he said that\u202f<\/span><span data-contrast=\"none\">Iran could access money<\/span><span data-contrast=\"none\">\u202ffunded by the \u201cGulf Coast Coalition\u201d\u202fif it\u202fcomplies with\u202fthe terms that will be hammered out during the 60-day period of negotiations.\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Aside from mis-naming the Gulf Cooperation Council, the comment has also caused tensions with senior Gulf officials who, to date, have refused to confirm any commitment.\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Asked about the fund last week, Saudi Foreign Minister Prince Faisal bin Farhan said that rebuilding trust would need to take priority \u201cbefore any concept of economic cooperation, mutual investment or anything like that can rationally be addressed.\u201d<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Meanwhile, in his weekly press briefing, Qatar\u2019s Foreign Ministry\u202fspokesman\u202fMajed al-Ansari\u202f<\/span><span data-contrast=\"none\">dismissed reports<\/span><span data-contrast=\"none\">\u202fthat Doha has contributed to the fund.\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Aside from the sensitivities of asking the Gulf states to help rebuild a country which rained down missiles on their own infrastructure, regional leaders fear that injecting massive amounts of capital into Iran could be misdirected towards rebuilding its military capacity and empowering its proxy networks.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">On the other hand, a commitment to long-term investment could potentially help bring about further de-escalation\u202fand also\u202fgrant Gulf countries access to lucrative opportunities in Iran&#8217;s energy,\u202flogistics,\u202fmanufacturing\u202f, and transport sectors.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335557856&quot;:16777215,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h3>DP World\u202fin talks\u202fto\u202foperate U.S. container port after\u202f20-year hiatus\u202f<\/h3>\n<p><span data-contrast=\"auto\">Dubai-based port and\u202flogistics\u202fgiant DP World is\u202f<\/span><span data-contrast=\"none\">in exclusive talks<\/span><span data-contrast=\"auto\">\u202fto<\/span><span data-contrast=\"none\">\u202fdesign, build, and\u202foperate\u202fa new terminal at the Port of Corpus Christi in Texas<\/span><span data-contrast=\"auto\">.\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Today,\u202fCorpus Christi ranks as one of the most significant U.S. ports by overall tonnage. In 2025, it\u202f<\/span><span data-contrast=\"none\">m<\/span><span data-contrast=\"none\">oved over 203 million tons of cargo<\/span><span data-contrast=\"auto\">,\u202flargely composed\u202fof petroleum products, chemicals, and agricultural goods.\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">\u201cThe Port of Corpus Christi presents a significant opportunity to expand container capacity, strengthen supply chain connectivity, and create new pathways for American businesses to access global markets,\u201d said Brian Enright, CEO of DP World in the Americas. <\/span><\/p>\n<p><span data-contrast=\"auto\">If approved, the project would mark DP World\u2019s\u202f<\/span><span data-contrast=\"none\">first container terminal development on the U.S. Gulf Coast and its second attempt to\u202f<\/span><span data-contrast=\"auto\">operate\u202fa U.S. container port after a 20-year hiatus.\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In 2006, DP\u202fWorld\u2019s\u202fill-fated purchase of\u202f<\/span><span data-contrast=\"none\">British company P&amp;O and its U.S. subsidiary<\/span><span data-contrast=\"none\">\u2014<\/span><span data-contrast=\"none\">which granted it operational leases\u202ffor\u202fsix major U.S. seaports<\/span><span data-contrast=\"none\">\u2014<\/span><span data-contrast=\"none\">caused uproar in Congress over fears that it might compromise the security of critical infrastructure. Just one month later,\u202f<\/span><span data-contrast=\"auto\">DP World\u202f<\/span><span data-contrast=\"none\">agreed to divest and transfer<\/span><span data-contrast=\"auto\">\u202fall U.S. port operations to a U.S.-based entity.\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">It has since\u202fmaintained\u202flogistics\u202foperations in Pennsylvania and\u202fNorth Carolina and\u202fcurrently uses Vancouver as its main entry point for cargo into the U.S., via rail to Chicago and elsewhere.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h3>Dubai invites contractors for $9.2 billion Metro Gold Line\u202f<\/h3>\n<p><span data-contrast=\"auto\">While negotiations on the U.S.-Iran deal remain on shaky ground, Dubai is not letting the uncertainty derail its growth plans.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Dubai\u2019s Roads and Transport Authority\u202f<\/span><span data-contrast=\"none\">(RTA) has invited contractors<\/span><span data-contrast=\"auto\">\u202fto\u202fsubmit\u202ftheir qualification statements\u202f<\/span><span data-contrast=\"none\">for the contract to build the emirate\u2019s new Gold Line metro, which is expected to cost\u202f<\/span><span data-contrast=\"auto\">$9.2bn<\/span><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">First announced in April and scheduled for completion in September 20<\/span><span data-contrast=\"auto\">32, the\u202fGold Line Metro is Dubai\u2019s largest transportation project and will expand the total length of\u202fits\u202ftransit system by 35%.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">In October last year,\u202fthe RTA <\/span><span data-contrast=\"none\">selected\u202fU.S.-based engineering firm Aecom<\/span><span data-contrast=\"none\">\u202fto provide consultancy services for\u202fthe project after it\u202fsubmitted\u202fthe lowest-priced offer at AED628 million ($171 million).\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">In February this year, the RTA\u202fsigned\u202fan\u202f<\/span><span data-contrast=\"none\">agreement<\/span><span data-contrast=\"none\">\u202fwith Elon Musk\u2019s\u202fThe\u202fBoring Company to begin construction of the Dubai Loop transport tunnel project using the advanced tunneling technologies pioneered by the U.S.\u202fbusiness.\u202fWorks are expected to begin in the second half of this year.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Dubai is racing ahead with plans to build out its infrastructure in a bid to ease congestion\u2014<\/span><span data-contrast=\"auto\">now a mainstay of Dubai\u2019s roads\u2014and\u202f<\/span><span data-contrast=\"none\">improve transport efficiency<\/span><span data-contrast=\"auto\">\u202facross\u202fhigh-density urban areas. \u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The Gold Line will constitute the city&#8217;s first fully underground metro line\u202fand\u202fis expected to serve around 1.5 million residents through 18 stations.<\/span><span data-contrast=\"none\">\u202f<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h3>The Big Number<\/h3>\n<div class=\"block w-full\"><img alt=\"\" data-cy=\"article-image\" loading=\"lazy\" width=\"1024\" height=\"679\" decoding=\"async\" data-nimg=\"1\" class=\"transition-opacity duration-300 alignnone wp-image-4513711 size-large not-prose w-full h-full object-cover\" style=\"color:transparent;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url(&quot;data:image\/svg+xml;charset=utf-8,%3Csvg xmlns='http:\/\/www.w3.org\/2000\/svg' viewBox='0 0 1024 679'%3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'\/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'\/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'\/%3E%3CfeComposite operator='out' in='s'\/%3E%3CfeComposite in2='SourceGraphic'\/%3E%3CfeGaussianBlur stdDeviation='20'\/%3E%3C\/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='none' style='filter: url(%23b);' href='data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR4nGNgYAAAAAMAASsJTYQAAAAASUVORK5CYII='\/%3E%3C\/svg%3E&quot;)\" sizes=\"auto, (max-width: 320px) 50vw, (max-width: 768px) 85vw, (max-width: 1024px) 50vw, (max-width: 1200px) 40vw, 33vw\" srcset=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/06\/EU-CARDS-2026-1.png?format=webp&amp;w=128&amp;quality=75 128w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/06\/EU-CARDS-2026-1.png?format=webp&amp;w=256&amp;quality=75 256w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/06\/EU-CARDS-2026-1.png?format=webp&amp;w=320&amp;quality=75 320w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/06\/EU-CARDS-2026-1.png?format=webp&amp;w=384&amp;quality=75 384w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/06\/EU-CARDS-2026-1.png?format=webp&amp;w=480&amp;quality=75 480w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/06\/EU-CARDS-2026-1.png?format=webp&amp;w=576&amp;quality=75 576w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/06\/EU-CARDS-2026-1.png?format=webp&amp;w=768&amp;quality=75 768w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/06\/EU-CARDS-2026-1.png?format=webp&amp;w=1024&amp;quality=75 1024w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/06\/EU-CARDS-2026-1.png?format=webp&amp;w=1280&amp;quality=75 1280w, https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/06\/EU-CARDS-2026-1.png?format=webp&amp;w=1440&amp;quality=75 1440w\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/06\/EU-CARDS-2026-1.png?format=webp&amp;w=1440&amp;quality=75\"\/><\/div>\n<h3>The 3 things we enjoyed reading this week<\/h3>\n<ul>\n<li><span class=\"TextRun SCXW264456601 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW264456601 BCX0\" data-ccp-charstyle=\"normaltextrun\" data-ccp-charstyle-defn=\"{&quot;ObjectId&quot;:&quot;ac0262f4-8a9e-5820-b908-2d943c5f7113|1&quot;,&quot;ClassId&quot;:1073872969,&quot;Properties&quot;:[201342446,&quot;1&quot;,201342447,&quot;5&quot;,201342448,&quot;1&quot;,201342449,&quot;1&quot;,469777841,&quot;Aptos&quot;,469777842,&quot;&quot;,469777843,&quot;Aptos&quot;,469777844,&quot;Aptos&quot;,201341986,&quot;1&quot;,469769226,&quot;Aptos&quot;,268442635,&quot;24&quot;,469775450,&quot;normaltextrun&quot;,201340122,&quot;1&quot;,134233614,&quot;true&quot;,469778129,&quot;normaltextrun&quot;,335572020,&quot;1&quot;,469778324,&quot;Default Paragraph Font&quot;]}\"><strong>Jamie Dimon has sounded a note <\/strong>of caution amid the current stock market euphoria. The<\/span><span class=\"NormalTextRun SCXW264456601 BCX0\" data-ccp-charstyle=\"normaltextrun\">\u00a0<\/span><span class=\"NormalTextRun SCXW264456601 BCX0\" data-ccp-charstyle=\"normaltextrun\">CEO<\/span><span class=\"NormalTextRun SCXW264456601 BCX0\" data-ccp-charstyle=\"normaltextrun\">\u00a0and\u00a0<\/span><span class=\"NormalTextRun SCXW264456601 BCX0\" data-ccp-charstyle=\"normaltextrun\">Chairman<\/span><span class=\"NormalTextRun SCXW264456601 BCX0\" data-ccp-charstyle=\"normaltextrun\">\u00a0of the U.S.\u2019 largest lender<\/span><span class=\"NormalTextRun SCXW264456601 BCX0\" data-ccp-charstyle=\"normaltextrun\">\u202fsaid he was concerned about the shifting \u201ctectonic plates\u201d shaping the U.S. economy\u2019s trajectory over the much longer term.<\/span><\/span><span class=\"EOP Selected SCXW264456601 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li><span class=\"TextRun SCXW177141558 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW177141558 BCX0\" data-ccp-charstyle=\"normaltextrun\" data-ccp-charstyle-defn=\"{&quot;ObjectId&quot;:&quot;ac0262f4-8a9e-5820-b908-2d943c5f7113|1&quot;,&quot;ClassId&quot;:1073872969,&quot;Properties&quot;:[201342446,&quot;1&quot;,201342447,&quot;5&quot;,201342448,&quot;1&quot;,201342449,&quot;1&quot;,469777841,&quot;Aptos&quot;,469777842,&quot;&quot;,469777843,&quot;Aptos&quot;,469777844,&quot;Aptos&quot;,201341986,&quot;1&quot;,469769226,&quot;Aptos&quot;,268442635,&quot;24&quot;,469775450,&quot;normaltextrun&quot;,201340122,&quot;1&quot;,134233614,&quot;true&quot;,469778129,&quot;normaltextrun&quot;,335572020,&quot;1&quot;,469778324,&quot;Default Paragraph Font&quot;]}\">Trump has threatened to <strong>impose U.S. tolls in the Strait of Hormuz<\/strong> if a final deal with Iran\u202f<\/span><span class=\"NormalTextRun SCXW177141558 BCX0\" data-ccp-charstyle=\"normaltextrun\">isn\u2019t<\/span><span class=\"NormalTextRun SCXW177141558 BCX0\" data-ccp-charstyle=\"normaltextrun\">\u202freached in 60 days, saying the money would be for \u201cservices rendered as the Guardian Angel to the countries of the Middle East.\u201d<\/span><\/span><span class=\"EOP Selected SCXW177141558 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li><span class=\"TextRun SCXW19038034 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW19038034 BCX0\" data-ccp-charstyle=\"normaltextrun\" data-ccp-charstyle-defn=\"{&quot;ObjectId&quot;:&quot;ac0262f4-8a9e-5820-b908-2d943c5f7113|1&quot;,&quot;ClassId&quot;:1073872969,&quot;Properties&quot;:[201342446,&quot;1&quot;,201342447,&quot;5&quot;,201342448,&quot;1&quot;,201342449,&quot;1&quot;,469777841,&quot;Aptos&quot;,469777842,&quot;&quot;,469777843,&quot;Aptos&quot;,469777844,&quot;Aptos&quot;,201341986,&quot;1&quot;,469769226,&quot;Aptos&quot;,268442635,&quot;24&quot;,469775450,&quot;normaltextrun&quot;,201340122,&quot;1&quot;,134233614,&quot;true&quot;,469778129,&quot;normaltextrun&quot;,335572020,&quot;1&quot;,469778324,&quot;Default Paragraph Font&quot;]}\">Trump may have declared the Strait of Hormuz open, but <strong>a return to normal shipping flows could take months<\/strong>.\u202fUnderwater mines\u202f<\/span><span class=\"NormalTextRun SCXW19038034 BCX0\" data-ccp-charstyle=\"normaltextrun\">remain<\/span><span class=\"NormalTextRun SCXW19038034 BCX0\" data-ccp-charstyle=\"normaltextrun\">\u202fa threat, along with navigational risks like collision, especially if\u202f<\/span><span class=\"NormalTextRun SCXW19038034 BCX0\" data-ccp-charstyle=\"normaltextrun\">there\u2019s<\/span><span class=\"NormalTextRun SCXW19038034 BCX0\" data-ccp-charstyle=\"normaltextrun\">\u202fa mass rush among ships to try exiting at once.<\/span><\/span><span class=\"EOP Selected SCXW19038034 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<\/div>\n<p>#Saudi #PIFs #governor #kingdom #global #investment #center<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In case anyone was still in do&hellip; <\/p>\n","protected":false},"author":1,"featured_media":4237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[965,1816,393,824,22,7187,717,7186,962,1515,687],"class_list":["post-4236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-center","tag-fortune-gulf-brief","tag-global","tag-governor","tag-investment","tag-kingdom","tag-oil","tag-pifs","tag-saudi","tag-saudi-arabia","tag-u-s"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi PIF&#039;s governor wants the kingdom to become a global investment center - Finance News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vaultinsider.top\/?p=4236\" \/>\n<meta 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