{"id":512153,"date":"2025-11-02T09:41:24","date_gmt":"2025-11-02T04:41:24","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=512153"},"modified":"2025-11-02T09:41:24","modified_gmt":"2025-11-02T04:41:24","slug":"pif-set-to-achieve-goal-of-reaching-1tn-in-assets-by-year-end-al-rumayyan","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pif-set-to-achieve-goal-of-reaching-1tn-in-assets-by-year-end-al-rumayyan\/","title":{"rendered":"PIF set to achieve goal of reaching $1tn in assets by year-end: Al-Rumayyan"},"content":{"rendered":"

RIYADH
\nYasir Al-Rumayyan, governor of the Public Investment Fund, said the fund\u2019s assets have tripled since 2015, adding the fund\u2019s goal is to reach $1 trillion by the end of this year, \u201cand we are very close to achieving it.\u201d
\nThe PIF has been the cornerstone of Saudi Vision 2030, with its workforce expanding from around 40 employees in 2015 to about 4,000 today. The fund has also established offices in major global cities.
\nAl-Rumayyan noted that the fund has launched more than 100 companies across a wide range of sectors to fill market gaps and drive economic diversification.
\nHe revealed that a new PIF strategy is expected to be announced soon, as it is currently in the final stages of approval. The strategy will focus on six key sectors \u2014 tourism, travel and entertainment, as well as urban development, advanced manufacturing and innovation, logistics, renewable energy, and NEOM.
\nThis focus, he said, will help the fund prioritize investments according to clear timelines, emphasizing: \u201cWe don\u2019t want to approach all investments with the same level of priority.\u201d
\nAl-Rumayyan also highlighted the PIF\u2019s success in revitalizing King Abdullah Economic City, part of the fund\u2019s portfolio. He said the PIF increased its ownership from a minority to a majority stake, transforming the company \u2014 which had been largely inactive for nearly two decades \u2014 into a dynamic hub by attracting ports, companies, and automotive industries, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"

RIYADH Yasir Al-Rumayyan, governor of the Public Investment Fund, said the fund\u2019s assets have tripled since 2015, adding the fund\u2019s goal is to reach $1 trillion by the end of this year, \u201cand we are very close to achieving it.\u201d The PIF has been the cornerstone of Saudi Vision 2030, with its workforce expanding from […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-512153","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\nPIF set to achieve goal of reaching $1tn in assets by year-end: Al-Rumayyan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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