By Yousef Saba and Federico Maccioni

RIYADH (Reuters) -Saudi Arabia is preparing to shift its $925 billion sovereign wealth fund away from a focus on real estate gigaprojects that have dominated its development goals for the last decade, a source with direct knowledge of the plans told Reuters.

Crown Prince Mohammed bin Salman, the de facto ruler of Saudi Arabia, known as MbS, introduced his Vision 2030 plan in 2016 to transform the economy with a focus on large real estate projects.

The sovereign fund, Public Investment Fund (PIF), has been the driving force for financing.

The original strategy included developments such as NEOM, a futuristic city in the desert by the Red Sea, and a plan to host international winter sports in the kingdom’s northern mountains, with ski slopes largely u

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