Shifting Sands: The Public Investment Fund, 2023
Saudi Arabia has increasingly strengthened its position as a potential world superpower with its rapid economic development and recent diplomatic strides. With the Kingdom reaching the halfway point since the announcement of Saudi Vision 2030, the Public Investment Fund has been instrumental in the economic diversification initiative. Overseen by PIF Governor Yasir Othman Al-Rumayyan and Crown Prince Mohammad bin Salman, the $650 billion fund has been used to finance some of Saudi Arabia’s most ambitious projects, such as NEOM, Diriyah Gate Project, and LIV Golf, as well as the acquisition of Newcastle United Football Club. This crisis committee will feature prominent Saudi officials, investors, ministers, and business leaders. Saudi Arabia is looking to reform its tarnished image as an authoritarian and ultra-conservative state —but without strategic financial activities, reform is practically impossible. Can the Public Investment Fund shift the sands in its favor and bring Vision 2030 to life?
My name is Hadi Dalao, and I am a junior majoring in Chemistry with minors in Biology, Health Management and Policy, and History on the pre-medical track. I am a native of Naples, Florida, and I have the honor to serve as one of the Head Delegates of the University of Miami’s Model UN team. In my free time, I enjoy cheffing it up in my apartment, playing Syrian card games, and hanging out with friends and family. I am excited to be one of the Crisis Directors at this year’s iteration of 305MUN, and I wish you a very warm welcome to Miami!