Overview
- Opening the 2025 Future Investment Initiative, PIF Governor Yasir Al‑Rumayyan said the gathering has driven $250 billion in deals since 2017.
- Al‑Rumayyan reported foreign direct investment reached $31.7 billion in 2024, a 24% annual increase based on UNCTAD data.
- PIF, with assets around $1 trillion, is prioritizing domestic deployment, with overseas commitments targeted at about one‑third.
- Spending on giga‑projects has fallen over the past two years, with the biggest cuts at NEOM, as this year’s dealmaking concentrates on AI and technology partnerships.
- Investment Minister Khalid Al‑Falih said the next phase shifts from state‑led outlays to private capital, noting Saudi startups have attracted $1 billion this year.