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Saudi Sovereign Fund Targets $1.1 Trillion in Assets by 2025

Saudi Arabia's Crown Prince Mohammed bin Salman

Saudi Arabia's Crown Prince Mohammed bin Salman

Photographer: Mandel Ngan/AFP/Getty Images

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.