Saudi Arabia’s Public Investment Fund Tops List of Most Active Sovereign Investors
According to research consultancy Global SWF, Saudi Arabia’s Public Investment Fund (PIF) has emerged as the world’s most active sovereign investor in 2023. Despite a global trend of reduced spending among state-owned investors, PIF significantly increased its deal activity last year, deploying a total of $31.6 billion. This marked a notable increase from the $20.7 billion invested by PIF in the previous year.
In contrast to PIF’s substantial increase, state-owned investors globally deployed a total of $124.7 billion in 2023, which represents a decrease of about a fifth from the prior year. This decline in spending among global peers such as GIC Pte and Temasek Holdings Pte highlights the exceptional performance of PIF in the sovereign investment landscape.
The surge in deal activity by PIF positions it as a major player in the global investment landscape and underscores the fund’s growing influence and impact on global markets. As PIF continues to expand and diversify its investment portfolio, its role in driving economic growth and development on a global scale is likely to become even more significant in the future.