Sovereign investment fund assets set to double under new roadmap | ZAWYA MENA Edition:
"Saudi Arabia is furthering plans to create the world's largest sovereign wealth fund and use it as a vehicle for driving economic growth, a move that will have a far-reaching impact on regional and global markets, as well as open opportunities for investment.
Unveiled on October 25 the Public Investment Fund (PIF) Programme 2018-20 is a development roadmap which aims to position the PIF as one of the world’s top sovereign wealth funds.
Key objectives of the plan are to increase assets under management from $230bn today to $400bn by 2020 and $2trn by 2030, and achieve average investment returns of 4-5% by 2020, up from the current 3%."
'via Blog this'
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