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The Governor of Saudi Arabia\u2019s Public Investment Fund (PIF) and Chairman of Aramco, Yasir Al-Rumayyan, underscored the Kingdom\u2019s economic resilience in the face of the current geopolitical tensions<\/a>.<\/p>\n Furthermore, Al-Rumayyan said that the PIF will unveil its next five-year strategy in the coming weeks, amid a strategic shift in the fund\u2019s approach to attract investments from around the world.<\/p>\n Speaking at the Future Investment Initiative (FII) Priority Summit 2026<\/a> in Miami, Al-Rumayyan confirmed that the current conflict in the Middle East has no effect on Saudi Arabia\u2019s economic growth.<\/p>\n \u201cThe Saudi microeconomic and physical position remains strong, stable and resilient, and PIF\u2019s portfolio is well diversified and structurally resilient,\u201d he said.<\/p>\n The PIF Governor attributed this to the fund\u2019s strategy of operating as a long-term investor. \u201cWe measure our returns not in quarters but in decades. And PIF remains committed to its investments around the world,\u201d he added.<\/p>\n Al-Rumayyan highlighted the PIF<\/a>\u2018s successful journey since its establishment in 1971 as a \u201cnation builder\u201d that created various sectors within the Kingdom\u2019s economy.<\/p>\n Then, the second transition took place from the year 2015 to 2020, during which the fund \u201caccelerated a number of different sectors,\u201d he said.<\/p>\n The third phase, from 2021 to the end of 2025, saw a lot of things changed as the PIF made heavy investments in the domestic economy, according to Al-Rumayyan.<\/p>\n With regards to the PIF\u2019s new strategy, Al-Rumayyan<\/a> said that the fund will reveal its strategy for the next five years \u201cin the coming few weeks.\u201d This strategy will focus on attracting more global investments by encouraging third-party capital and creating more opportunities.<\/p>\n \u201cWe built the foundation for many of these investments initially, and under the previous strategy we wanted to do most of the investments by ourselves. It\u2019s all equity,\u201d the PIF Governor said.<\/p>\n \u201cNow we\u2019re looking in a greater way, how to invite people to come and work with us. And I\u2019m not talking only about domestic investors, local investors \u2026 I\u2019m talking about international investors,\u201d he added.<\/p>\n Al-Rumayyan noted that this strategy<\/a> has started to pay off as several major asset managers, such as BlackRock and Franklin Templeton, have established new funds with the PIF to invest in the Saudi economy.<\/p>\n Al-Rumayyan said that the fund\u2019s main priority has shifted from introducing the PIF to the world to inviting global<\/a> investors to Saudi Arabia.<\/p>\n \u201cThe main thing that we tried to achieve is how to bring Saudi to the world, how different investors around the world will know who PIF is, and what Saudi and what investments in Saudi could feel or look like,\u201d he said.<\/p>\n \u201cNow we\u2019re in a stage where we want to bring the whole world to come and invest in Saudi. And for the past 10 years or so, we built the foundation for these investments for the right environment, the right ecosystems for people to come and invest with us,\u201d he added.<\/p>\n Importantly, he emphasized that the PIF is moving beyond traditional joint ventures to offer more diverse entry points for global capital.<\/p>\n \u201cAnd there could be different parts of investments. It doesn\u2019t have to be all in the form of JVs (joint ventures) or an actual investment into our companies, but to come and work with us and the investments that we\u2019re (already) in,\u201d he explained.<\/p>\n In addition to urban development and real estate<\/a> projects, Al-Rumayyan outlined various areas for investment in the Saudi economy. These include data centers, pharmaceutical sectors, infrastructure and renewable energy.<\/p>\n He added that the PIF\u2019s new strategy aims to \u201ccrowd in\u201d the private sector \u2013 domestic and global \u2013 to work with the fund. In light of this, Al-Rumayyan cited Red Sea Global (RSG) as a \u201cstunning\u201d model of development, bringing in around 19 hotel operators from across the world.<\/p>\n Furthermore, he pointed out that \u201cde-risking\u201d is one of the fund\u2019s key priorities for projects within the Kingdom.<\/p>\n Al-Rumayyan noted that Saudi Arabia is \u201cvery well-positioned\u201d to take advantage of artificial intelligence (AI), stressing that AI is not a race.<\/p>\n \u201cWe have the accessibility of procurement \u2026 We have the energy to ignite it, which is something very important to put (in) all of these data centers. On top of that, we have the right ecosystem for it, the right regulations, the right treatment from the government to the users of AI,\u201d he said.<\/p>\n Moreover, he said that the fund views AI as a tool, not an end product. \u201cThe end product is what our companies are doing, how our companies can cut costs and be more efficient, delivering on their promises faster than expected. That\u2019s how we\u2019d like to get to work with AI as a major tool,\u201d he clarified.<\/p>\n Al-Rumayyan said that the PIF has invited major US tech firms, including Microsoft, Google, and Oracle, to invest in Saudi Arabia. \u201cAnd I think the progress in Saudi Arabia is one of the best, even globally when it comes to the uses of AI,\u201d he stated.<\/p>\n In this regards, he cited Aramco<\/a> as a great example of utilizing AI to reduce the cost of drilling by about 20% and improve the delivery of end products by nearly 30%.<\/p>\nBitcoins <\/span>Economic Resilience<\/strong><\/span><\/h2>\n
Bitcoins <\/span>PIF\u2019s Evolution<\/strong><\/span><\/h2>\n
Bitcoins <\/span>Encouraging Global Investors<\/strong><\/span><\/h2>\n
Bitcoins <\/span>Areas for Investment\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><\/span><\/h2>\n
Bitcoins <\/span>AI Potential<\/strong><\/span><\/h2>\n