Saudi sovereign fund builds on $11.5 billion deployed since 2017 as ties with Tokyo deepen
Riyadh – Sharikat Mubasher: Saudi Arabia’s Public Investment Fund (PIF) has invested over $11.5 billion in Japan between 2017 and 2024, according to Governor Yasser Al-Rumayyan, who also chairs the Future Investment Initiative (FII) Institute.
Speaking at a panel during the Priority Asia Summit in Tokyo, Al-Rumayyan said PIF expects its total investments in Japan to rise to around $27 billion by 2030, reflecting the growing economic partnership between the two countries.
Al-Rumayyan highlighted Saudi Arabia’s emerging role in shaping the future of artificial intelligence, noting that the Kingdom’s energy resources, available land, and government direction position it to become a global hub for AI development.