$1.07 trn by 2025: Saudi sovereign fund aims high with new plan focused on domestic economy
Saudi Arabia’s sovereign wealth fund this week announced its aim to more than double assets under management to 4 trillion riyals ($1.07 trln) by the end of 2025.
This is the current size ($1.078 bln) of Norway’s sovereign wealth fund, the biggest in the world.
Saudi’s Public Investment Fund said on Sunday (Jan 24) that assets under management in 2020 reached nearly 1.5 trillion riyals ($400 bln). This is three times more than what it held four years ago.
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