Riyadh - Sharikat Mubasher: Saudi Arabia’s Public Investment Fund (PIF) plans to increase its assets under management (AUM) to range between $2 to $3 trillion by 2030, according to PIF’s Governor Yasir Al-Rumayyan.

In a discussion session during the Future Investment Initiative Institute (FII) Priority Rio de Janeiro summit, Al-Rumayyan clarified that 80% of PIF’s investments are domestic and amount to $800 billion.

He noted that most of these investments are injected into greenfield projects that contribute to the gross domestic product (GDP), provide new jobs, and create local content.

The PIF’s international investments are estimated at $200 billion, representing 20% of the fund’s total investments, Al-Rumayyan said.

He further stated that the PIF and its portfolio companies are interested in investing in technology, renewable energy, and mining sectors.

Under the theme “Invest in Dignity,” the FII Priority Rio de Janeiro summit delved into how investing in the ecological transition, technology and innovation, and social inclusion can build a new global order that prioritizes dignity for all.