Investing

Saudi Arabia’s Sovereign Wealth Fund to Deploy $70 Billion a Year

Attendees visit the Public Investment Fund booth on day two of the 2022 Future Investment Initiative  conference in Riyadh, Saudi Arabia. — Attendees visit the Public Investment Fund booth on day two of the 2022 Future Investment Initiative conference in Riyadh, Saudi Arabia.
Photographer: Tasneem Alsultan/Bloomberg

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By Marion Halftermeyer

February 22, 2024 at 4:05 PM UTC

This article is for subscribers only.

Saudi Arabia’s sovereign wealth fund is set to increase its annual deployment of capital to $70 billion a year after 2025.

The Public Investment Fund, or PIF, currently puts $40 billion to $50 billion of capital to work on an annual basis, and that’s set to increase after 2025, the fund’s governor, Yasir Bin Othman Al-Rumayyan, said Thursday at the FII Priority conference in Miami.