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09-01-23
Saudi Arabia’s PIF sustains sixth place in sovereign wealth funds across world
(MENAFN) With assets valued at USD607.42 billion, Saudi Arabia’s Public Investment Fund has sustained the sixth place in the list of highest sovereign wealth investments across the whole world, as shown by the most recent figures.
Data issued by the Sovereign Wealth Fund Institute indicated that China Investment Corp. led the list with USD1.350 trillion in assets, shadowed by Norway Government Pension Fund Global as well as Abu Dhabi Investment Authority with assets valued at USD1.13 trillion and USD790 billion individually.
Kuwait Investment Authority comes in the 4th spot with USD750 billion, whereas Singapore’s GIC Private Limited is at the 5th spot, with assets worth USD690 billion.
In line with the SWF Institute figures, the aggregate assets of the glob’s sovereign wealth investments reached USD10.30 trillion by the end of last year, increasing from USD10.12 trillion in September 2022.
The PIF is currently topping the financial diversification journey in Saudi Arabia, participating in a vital role to attain the targets drew in the nation’s Vision 2030.
MENAFN09012023000045014228ID1105399710
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