Regarding his question about the new barrel of oil, HRH Crown Prince said that we want many barrels, a barrel of oil, and a barrel from the downstream in the petrochemical and process industries sectors and so on, and we want a barrel of oil from the Public Investment Fund that has revenues, and also different revenues to diversify the economy. Regarding the percentage that will go to the state treasury, where it was 3% of revenues, HRH Crown Prince replied by saying, ''It is true, the profit of the fund was between 2 and 3%, now the PIF is targeting 6 or 7% and this has been achieved in most of the fund's investments. More importantly, how much the fund was spending from investments inside the Kingdom of Saudi Arabia, before the vision the PIF spent only 3 billion riyals, and in 2020 it spent 90 billion riyals in Saudi Arabia in Greenfield, new investments and not in the stock market or anything else, and this year 2021, the Public Investment Fund will spend 160 billion, what does 160 billion mean? If you see the state budget, the capital spending is 150 billion'. HRH Crown Prince added, “Today, the PIF is spending more on new investments inside the country than the capital spending of the state budget, and that means that today the PIF is moving the Saudi Economy more than the state budget. This will continue in an ascending form until 2030 to nearly 400 billion riyals. The PIF spent on new investments, which means almost 3 times or less with a small amount of what the state used to spend in capital spending inside Saudi Arabia. Of course, the question will come that the volume of the PIF today is 1.5 trillion Saudi riyals and in 2030, 4 trillion riyals, how will this amount come and how will you spend it? In the PIF, we should not keep the assets. In other words, if the asset is ripe, we should sell it. If this asset is in stock market, we reduce our percentage and keep a rate that gives us control and a guarantee that this company will continue to grow. HRH Crown Prince continued, saying, “I cannot give you examples because they affect the Saudi stock market in one way or another. This issue may involve legal procedures contrary to the law. If I clarify something specific, no company existing in the PIF won't last for one day unless it offers shares for public subscription as “ ELM ”or something else. Of the PIF companies, there are IPOs during this year and in the coming years, any new company that we establish will offer shares for public subscription, after achieving profit in no more than five years such as NEOM, the Red Sea, Qiddiya, Al-Souda, or other projects. Annually, we get (rate money cash) from outside, and we take this cash and re-inject it into new investments within the Saudi economy. This way brought 90 billion riyals last year and will bring 160 billion this year and will help us to be, progressively, until we reach 400 billion riyals, in 2030. In 2030, PIF will be the leader of capital spending in Saudi Arabia, not the state budget. Actually, this year, this PIF is the leader of capital spending inside Saudi Arabia. --More 20:27 LOCAL TIME 17:27 GMT 0030 www.spa.gov.sa/w1550474