Saudi Sovereign Fund Targets $1.1 Trillion in Assets by 2025
Saudi Arabia's Crown Prince Mohammed bin Salman
Photographer: Mandel Ngan/AFP/Getty Images
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Saudi Arabia’s sovereign wealth fund will more than double in size to exceed 4 trillion riyals ($1.1 trillion) in assets under management by 2025, Crown Prince Mohammed bin Salman said.
The fund’s assets reached 1.5 trillion riyals by the end of 2020, he said in remarks broadcast on Saudi state television on Sunday.