Saudi Fund Outpaces Singapore’s GIC With $31.6 Billion Splurge

Saudi Arabia’s Public Funding Fund emerged because the world’s most lively sovereign investor final yr, boosting its deal exercise whilst most world friends together with GIC Pte and Temasek Holdings Pte slashed spending.

PIF, because the Saudi fund is thought, deployed $31.6 billion in 2023, in keeping with analysis consultancy International SWF. That was larger than the $20.7 billion it invested the earlier yr, a rise that contrasts with a wider development — globally state-owned buyers deployed $124.7 billion, a couple of fifth lower than the prior yr.