Al-Rumayyan says over 70% of PIF's assets are in Saudi Arabia

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF)

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), stated that the fund's assets in Saudi Arabia exceeded 70% of its total assets, while assets abroad accounted for less than 25%.

The PIF aims to bring the value of its assets outside Saudi Arabia to 20–25% of total assets, Al-Rumayyan said during his participation in the PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute in Miami.

He added that the value of investments is increasing and that the fund will continue to invest abroad.

The annual value of investments in Saudi Arabia runs between $30 and $40 billion until 2025, after which it will increase to about $70 billion annually until 2030, the Governor said.

He further added that PIF is considered the primary economic driver of Vision 2030, pointing out that the key performance indicators in the vision are achieved ahead of schedule.