Saudi Arabia's PIF is set to allocate $70 billion yearly

Saudi Arabia’s sovereign wealth fund is set to increase its annual deployment of capital to $70 billion a year after 2025.

The Public Investment Fund, or PIF, currently puts $40 billion to $50 billion of capital to work on an annual basis, and that’s set to increase after 2025, the fund’s governor, Yasir Bin Othman Al-Rumayyan, said Thursday at the FII Priority conference in Miami.

Read the original article in Bloomberg: Saudi Arabia’s Sovereign Wealth Fund to Deploy $70 Billion a Year