الرميان: «PIF» يعكف على تسريع استثماراته

The Governor of the Public Investment Fund (PIF), Yasser Al-Rumayyan, confirmed that the fund has launched a new and promising phase of superior performance and qualitative innovation in 2024. The main features of this phase include the systematic integration of artificial intelligence applications, smart automation solutions, and advanced digital capabilities in all of the fund's operations, representing a qualitative leap in the fund's investment methodology, the management of its operations, and its ability to create a wide economic and social impact at both the national and global levels.

In his speech on the occasion of the launch of the fund's annual report for the year 2024, Al-Rumayyan stated that as the fund reaches this advanced stage in its journey, it is currently working to accelerate its investments, in harmony with its efforts to redefine the future of investment, relying on the power of technical intelligence, precision, and flexibility.

He mentioned that the total value of managed assets reached 3.424 trillion riyals by the end of 2024, compared to 2.871 trillion riyals in 2023. Additionally, the volume of investments directed towards priority sectors within the Vision Realization Program reached 213 billion riyals in 2024, bringing the total investments since the program's launch to over 642 billion riyals.

He stated that the "Vision Realization Program" confirms the fund's commitment to creating a comprehensive and measurable economic and social impact, with its targets for 2025 reflecting the fund and its portfolio companies contributing 1.2 trillion riyals to the non-oil GDP cumulatively, stimulating non-governmental cumulative investments of the same value, as well as raising the local content contribution ratio to 60%.