Saudi Arabia’s $1 Trillion Wealth Fund to Unveil New Investment Strategy ...Middle East

The Public Investment Fund (PIF), Saudi Arabia’s $1-trillion sovereign wealth fund, will unveil by the end of the year its new long-term strategy on how it would support the Kingdom’s economy and diversified it from oil, and increase returns on investments, the fund’s governor has said.  “In the coming two months or so, we will set the new strategy for the PIF, which is a continuation from the original one, until 2030 and from 2030 all the way to 2040 and beyond,” Yasir Al Rumayyan‏, governor of PIF, told …

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