Saudi PIF wants to become the world’s largest sovereign wealth fund by 2030

Last year, PIF invested $31.6B into 49 deals – a record in global sovereign wealth funds

According to a report released by global sovereign wealth fund tracker Global SWF, Saudi Arabia’s Public Investment Fund made up 25% of the $124.7 billion of global state-owned investments in 2023.

This was 33% more than in 2022.

This way, PIF topped the list of government sovereign wealth funds.

The next ones in the top are GIC (Singapore), Mubadala (UAE), ADIA (UAE), CPP (Canada), BCI (Canada), Temasek (Singapore), QIA (Qatar), ADQ (UAE), OTPP (Canada).

It is the first time in five years that the PIF has led the group of highest spending state owned investors.

PIF Starts 2024 with Impact, After Year of Massive Investments https://t.co/nJixlde6jv

— Global SWF (@GlobalSWF) January 5, 2024