RIYADH: According to the monitoring group Global SWF, Saudi Arabia’s Public Investment Fund is expected to manage $2 trillion in assets by 2030, placing it as the second-largest sovereign wealth body in the world.
PIF is now ranked sixth among worldwide state-owned investor funds in 2024, but a survey from the firm predicts that by the end of the decade, its AuM value will have more than doubled to $925 billion. The institute projects that PIF’s AuM will climb from sixth place to 10.5 percent of the total assets of global sovereign wealth funds, which are expected to reach $19 trillion, by 2030.
Capital attracts capital so international financial institutions are attracted in partnering with a player with such a huge balance sheet and role in economic development,” stated Diego Lopez, founder and managing director of Global SWF.
The paper states that the PIF would rely on a variety of tactics to meet its lofty target of $2 trillion by 2030. These consist of debt issuance, returns from investments, and oil revenue allocations, which are the percentage of the Kingdom’s oil profits given to the PIF.
Also Read:
Philippines Welcomes 220 Filipinos in the UAE to be Granted Clemency
According to a Research, up to 50% of Saudi Arabian Deep Tech Businesses Concentrate on AI and IoT
