Public Investment Fund of Saudi Arabia: Definition and How Much
Public Investment Fund of Saudi Arabia: Definition and How Much
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Saudi Arabia’s Public Investment Fund (PIF) saw its assets under management grow 19% in 2024, reaching $913 billion. ➡️ As the driving force behind Saudi Arabia’s ambitious Vision 2030 diversification plan, the PIF has made significant investments in global names like Uber, Lucid and Nintendo. ➡️ The kingdom’s sovereign wealth fund is deploying billions worldwide to reduce reliance on oil revenues, bringing Crown Prince Mohammed bin Salman’s Vision 2030 goals closer to reality. CNBC’s Dan Murphy
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