Riyadh – Mubasher: Saudi Arabia is planning to raise Public Investment Fund’s (PIF) assets to SAR 2 trillion by 2030, the Kingdom’s sovereign wealth fund’s managing director Yasir Al-Rumayyan said on Tuesday.
The statement came on the sidelines of the first session of the Future Investment Initiative (FII) conference, dubbed “Davos in the Desert”, that takes place in Riyadh from 23 to 25 October.
The PIF’s official further noted that the FII is expected to contribute to increasing foreign investments in the GCC nation.
On a related note, the initiative is focusing on the role of investment in enhancing creativity and stimulating development opportunities.
