PIF investments in Japan total $11.5B through 2024: Al-Rumayyan

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), said the fund began investing in Japan in 2017, with total investments reaching around $11.5B through 2024.

Speaking during a session at the FII Priority Asia Summit held in Tokyo, Al-Rumayyan said PIF investments in Japan were expected to rise to approximately $27B by the end of 2030.

He noted that the fund’s investments coincided with Japan’s shift from a savings-based economy to an investment-based economy.

On a separate note, he said that thanks to energy resources, land availability, and the government’s drive to lead the future of the artificial intelligence industry, Saudi Arabia was now well positioned to become a global hub for AI.