Al-Rumayyan: We aim to increase the PIF’s contribution to non-oil GDP to 1.2 trillion riyals by 2025

Yasser Al-Rumayyan, Governor of the Public Investment Fund, revealed in his letter included in the fund’s 2024 annual report that the fund aims to contribute 1.2 trillion riyals to the non-oil GDP by 2025, cumulatively, and to stimulate cumulative non-governmental investments of the same value.

The Public Investment Fund’s contribution to non-oil GDP increased to 910 billion riyals from 2021 to 2024, cumulatively. The fund’s portfolio reflects its focus on diversifying the Saudi economy, along with its commitment to strengthening global partnerships. Al-Rumayan said, “During 2024, we have ushered in a new and promising phase of superior performance and qualitative innovation. This is most notable in the systematic integration of artificial intelligence applications, smart automation solutions, and advanced digital capabilities across all of the Fund’s operations. This step goes beyond the boundaries of technical development, representing a qualitative shift in the Fund’s investment methodology, its operational management style, and its ability to create a broad economic and social impact at the national and global levels. Having reached this advanced stage of the Fund’s journey, the Fund is currently accelerating its investments, in line with its efforts to reshape the future of investment, focusing this approach on the power of technical intelligence, precision, and flexibility.”