Al-Rumayyan expects PIF’s investments in Europe to hit $170B from $85B

Saudi Arabia’s Public Investment Fund (PIF) has deployed $85 billion in Europe between investments and procurements from 2017 to 2024, said Governor Yasir Al-Rumayyan at the FII Priority Summit. 

The fund anticipates these investments to grow to $170 billion by 2030.

The impact of these investments and procurements on the European gross domestic product (GDP) reached $52 billion, Al-Rumayyan explained, expecting this impact to surpass $100 billion by 2030.