DAVOS: PIF is On Track for $2 Trillion in AUM
At the World Economic Forum (WEF) in Davos, Saudi Energy Minister Khalid Al-Falih talked briefly about Saudi Arabia’s Public Investment Fund (PIF). The PIF is targeting to have US$ 2 trillion in assets under management. This also circles around Saudi’s Vision 2030 plan, as the country tries to diversify its economy.
Al-Falih also said the PIF will invest both “strategically in the Kingdom” and invest strategically abroad. The energy minister mentioned about its deal with SoftBank Group and Uber.
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