PIF Updates Strategy To Target New Sectors

Yasir Al-Rumayyan, Governor of the Public Investment Fund, said at the FII PRIORITY Summit in Miami that Saudi Arabia’s macroeconomic position remains robust and the PIF’s portfolio is diversified and resilient. He said the PIF will unveil a new strategy in coming weeks, aiming over the next five years to attract talent and foreign capital and target investments in data centers, pharmaceuticals and renewable energy, with AI framed as a tool.