PIF’s assets under management hit $930 billion

Yasser Al-Rumayyan, Governor of the Public Investment Fund, revealed on the sidelines of the 8th edition of the Future Investment Initiative, during a session discussing the economics of geopolitics, that the value of the Public Investment Fund’s assets under management amounted to $930 billion, noting that the fund established 92 companies, including major companies such as NEOM, the Red Sea, Qiddiya, and Al-Alat, representing major investors in major sectors, adding that the majority of projects have now begun their operational phase.

He stressed that the Saudi economy is one of the fastest growing in the world, and pointed out that during 2022, the Kingdom was the fastest growing economy among the G20.

The investment initiative will continue its work in its eighth edition in Riyadh under the slogan (Infinite Horizons.. Investing Today to Shape Tomorrow) until October 31 amidst a large international presence. The initiative is a link between investors and decision-makers, and the initiative witnesses 180 dialogue sessions, with the participation of 600 speakers from political and business leaders and innovators, as it will focus on discussing pivotal issues including finance, artificial intelligence, sustainability, energy, and geoeconomics.