The Governor of the Public Investment Fund, Yasser Al-Rumayyan, revealed that the total volume of the fund’s assets under management amounted to more than two trillion riyals, and 71 companies have been established since 2019 in many strategic and vital sectors, and the fund has contributed to the creation of more than 500,000 jobs, directly and indirectly.
On the occasion of the 7th anniversary of the launch of the Kingdom’s Vision 2030, he said that the fund intends to create 1.8 million direct and indirect jobs, and to inject up to one trillion riyals into new projects locally, and it is also moving steadily to consolidate its position as the preferred investment partner globally.
Al-Rumayyan added: “Today we are beginning a new phase of achievement in which the fund confirms its commitment and continuity in achieving its goals by the end of 2025, including contributing to the non-oil GDP by about 1.2 trillion riyals, and that the size of its assets exceed 4 trillion riyals.”
Al-Rumayyan pointed out that the fund occupies an advanced and influential rank among the sovereign wealth funds in the world, and its efforts will continue to diversify the economy, support local content, develop innovative opportunities for the future, and contribute to creating an attractive environment for investments.
