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Saudi PIF assets triple with 390% surge since 2016, 2030 target raised

image sourced from original article at https://www.arabnews.com/node/2598543/business-economy

Saudi Arabia's Public Investment Fund (PIF) has experienced a significant increase in assets under management since the launch of Vision 2030, with a 390% surge since 2016. PIF's assets have grown from $160 billion to $941.3 billion, surpassing its annual target of $880 billion. The fund has revised its 2030 goal, raising its asset management target to $2.67 trillion. PIF's growth has been driven by a diversified investment approach and strategic international investments, contributing to the expansion of priority industries in the Kingdom. The fund's initiatives have also stimulated job creation, private sector participation, and foreign direct investment.

Original article source: https://www.arabnews.com/node/2598543/business-economy
Source Id: 2025-04-702149918

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