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April 2024
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Saudi Arabia wealth fund PIF to boost capital deployment to US$70 billion after 2025

PIF says the fund currently deploys $40 billion to $50 billion of capital annually and the deployment pace will continue until 2025
By Goh Thean Eu   
February 26, 2024

Saudi Arabia’s Public Investment Fund (PIF) plans to boost annual deployment of capital by as much as 75% to US$70 billion after 2025, targeting investments in green fields where it can have an impact.

PIF Governor Yasir Othman Al-Rumayyan says the sovereign wealth fund, which manages $700 billion of assets, currently deploys $40 billion-$50 billion annually, a level that it will maintain until next year.

“Beyond 2025, the pace would increase, most likely it’s going to be like $70 billion annually until 2030,” he said at a conference in Miami on February 22.

“We are not going into the secondary market. We are going into green fields. We want to have an impact,” he said.

He also said PIF is focusing on several main trends this year, including sustainability and artificial intelligence.

“We have a mission, and part of the things that we like to focus on this year is sustainability, education, AI, robotics and healthcare, these are the main trends we are thinking of this year,” he said.