Speaking in Miami on 22 February, Yasir al-Rumayyan, Governor of Saudi Arabia’s PIF sovereign wealth fund says that the fund’s annual capital deployment is likely to by hiked from the current $40bn/year 2021-2025 plan.
The majority of PIF funds are invested domestically in order to promote Saudi Arabia’s ambitious Vision 2030 program. Mr Rumayyan speculates that the outlay will most likely increase to around $70bn post-2025 as Vision 2030 accelerates. (CONTINUED - 88 WORDS)