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MBS promises ‘giga-projects’ and social change to drive Saudi reforms

One thing to be drawn from the slew of announcements from the Future Investment Initiative (FII) – the high-powered conference dubbed ‘Saudi Davos’ by local media, which was hosted by the Public Investment Fund (PIF) in Riyadh from 24-26 October – is that Saudi Arabia is clearly still a big draw for international business executives, even if the economy is in recession and struggling under an austerity-driven government spooked by low oil prices.

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