Riyadh – Sharikat Mubasher: Yassir Al-Rumayyan, Governor of the Public Investment Fund (PIF) and Chairman of Saudi Aramco, revealed that the sovereign wealth fund will soon announce a new investment strategy, pending final approvals.
Speaking during the Future Investment Initiative (FII) conference in Riyadh, Al-Rumayyan said the PIF’s assets are on track to reach $1 trillion by the end of 2025, quadrupling since 2015.
He explained that the upcoming strategy focuses on six core sectors: travel, tourism, and entertainment; urban development and quality of life; advanced manufacturing and innovation; industry and logistics; clean energy and renewable infrastructure; and NEOM as an independent ecosystem. The plan aims to prioritize capital deployment across these areas rather than investing in all sectors equally.
Al-Rumayyan noted that PIF’s assets under management have nearly tripled since 2015, growing from $150 billion to around $700 billion today, with the trillion-dollar goal now within reach.
Since its first strategy launch, PIF has established over 100 companies spanning artificial intelligence, tourism, and industrial development to fill market gaps and support Vision 2030 objectives.
He added that the fund now employs more than 3,000 people and operates offices in Riyadh, with international branches in New York, London, Paris, Beijing, Shanghai, and Hong Kong, and regional offices in Egypt, Jordan, Muscat, and NEOM.
