Saudi PIF’s assets estimated at $300bln: IIF

      Published on Wednesday, 12 June , 2019      80 Views     
Saudi PIF’s assets estimated at $300bln: IIF


Saudi Arabia is on track to hit a target of increasing its Public Investment Fund (PIF) in size to $400 billion in 2020,



with the Institute of International Finance (IIF) estimating that it currently has about $300 billion worth of assets.

In a note published on Thursday, IIF said that a key part of Saudi Arabia’s Vision 2030 economic diversification plan involved “the transformation of the PIF from a state holding company into one of the world’s largest sovereign investment vehicles”, with a proposal to grow assets to $400 billion by 2020 and $2 trillion by 2030.

“We now estimate PIF’s assets at about $300 billion, of which one-fourth are invested abroad,” it said, citing stakes the fund has taken in Softbank’s Vision Fund,



electric car maker Tesla, ride hailing firm Uber, Blackstone’s infrastructure funds and investment funds in Russia and Egypt.

Keywords:
Category Business | 2019/06/12 latest update at 9:00 AM
Source : Zawya | Photocredit : Google
81 Views
Comments Add comment



Related Articles

The editorial staff of Saudi Arabia Today would like to give all of its readers from Gulf and Saudi Arabia and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Saudi Arabia Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Saudi Arabia, the Gulf and the world.


Sponsored Publications



Pakistan PM criticized for ‘insulting’ encounter with Saudi Arabia’s King Salman King

Pakistan PM criticized for ‘insulting’ encounter with Saudi Arabia’s King Salman

The prime minister of Pakistan is facing a social media furore for allegedly disrespecting the king of Saudi…

Join efforts to fight terror, King Salman urges Muslim leaders King

Join efforts to fight terror, King Salman urges Muslim leaders

Custodian of the Two Holy Mosques King Salman opened the 14th summit of the Organization of Islamic Cooperation…

Makkah summit supports Palestinians, backs Saudis amid Iran tensions King

Makkah summit supports Palestinians, backs Saudis amid Iran tensions

A Saudi-hosted Islamic summit on Saturday threw its support behind Palestinians ahead of a US-led peace plan suspected…

Saudi King Salman calls for tolerance, moderation in Ramadan message King

Saudi King Salman calls for tolerance, moderation in Ramadan message

Saudi Arabia’s King Salman bin Abdulaziz al-Saud on Sunday has called for a message of tolerance and moderation…

GULF TV

Popular in GULF TV

PIRELLI “DREAMING” – THE CAL 2019 making of Full Version | Fashion Channel

2158 Views

A photographic tale of the aspirations of four women and their determination to achieve their goals, each one…

Latest videos in GULF TV

Events

Lifestyle

Culture

Sport

Science & Technology

Government