Saudi Arabia’s Public Investment Fund has been named the world’s most valuable sovereign wealth, with a brand value of $1.1 billion, according to a report.
In its most recent report, UK-based strategic consultancy Brand Finance revealed that Saudi Arabia’s wealth fund topped the list due to its diverse investment strategy, trust in its name, and brand awareness, as well as being a catalyst for economic advancement in the Kingdom.
Brand Finance stated that high scores for the brand’s awareness, purpose, and commitment to positive growth contribute significantly to PIF’s value.
Furthermore, PIF was ranked as the second strongest sovereign wealth fund brand after the Abu Dhabi Investment Authority.
According to the report, ADIA was ranked as the strongest wealth fund, with 63.9 brand strength index points out of 100 and an A+ rating, while PIF received 62.1 points and an A+.
Another regional wealth fund, the Qatar Investment Authority, ranked third with 61.02 brand strength index points and an A+ rating.
The PIF has been spearheading Saudi Arabia’s economic diversification efforts, as the Kingdom is steadily reducing its dependence on oil, aligned with the goals outlined in Vision 2030.
Also Read:
JLL Predicts the GCC Healthcare Sector will Reach $135 Billion by 2027.
Riyadh Travel Fair Showcases Diverse Tourism Offerings Previous
