Riyadh's reshuffle at the PIF comes as the $360 billion fund looks set to dramatically increase domestic spending.Saudi Arabia has overhauled the top management of its sovereign wealth fund as the investment fund readies itself to take a bigger role in the kingdom's local economy. Fahad Alsaif, chief executive officer of Saudi Arabia's National Debt Management Center and adviser to the finance minister, will now head the $360 billion Public Investment Fund's corporate finance and sit on its management committee. Former corporate finance head Alireza Zaimi will now act as special adviser to the PIF Governor Yasir Al-Rumayyan. Al Rumayyan, a close aide of Crown Prince Mohammed bin Salman
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