The assets under management of Saudi Arabia's Public Investment Fund rose to 2.23 trillion riyals ($594 billion) at the end of 2022, 12.8 percent from the end of 2021, when it reached 1.98 trillion riyals. The increase in the value of major projects (NEOM, Red Sea, Qiddiya, and Roshen) by 245.7 percent to 121 billion riyals (from 34 billion), and the growth of the portfolio of investments in Saudi companies by 49 percent to 718 billion riyals (from 483 billion), contributed to the fund's achievement of this jump in its assets. The fund's activity was dominated by local investment portfolios last year, reaching 1.72 trillion riyals, or 23 percent of total assets under management, compared to 512 billion riyals for global investments (77 percent).
Source (Al-Asharq Al-Awsat Newspaper, Edited)
