PIF investments in Japan total $11.5B until 2024: Al-Rumayyan

09:58 AM (Mecca time) Argaam
Yasir Al-Rumayyan, Governor of PIF

Yasir Al-Rumayyan, Governor of PIF

The Public Investment Fund (PIF) started investing in Japan in 2017, with total investments reaching around $11.5B until 2024, PIF Governor Yasir Al-Rumayyan said at the FII Priority Asia Summit held in Tokyo.

 

Rumayyan expects PIF investments in Japan to rise to approximately $27B by the end of 2030.

 

He noted that the fund’s investments coincided with Japan’s shift from a savings-based economy to an investment-based economy.

 

On a separate note, he said that thanks to energy resources, land availability, and the government’s drive to lead the future of the artificial intelligence industry, Saudi Arabia is well positioned to become a global hub for AI.

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