Overview
- Governor Yasir Al-Rumayyan announced the goal at the FII Priority Asia Summit in Tokyo, outlining a plan to lift exposure from roughly $11.5 billion to about $27 billion by 2030.
- The PIF board recently approved a new five-year strategy that runs to 2030, providing the framework for the expansion in Japan.
- The strategy moves the fund away from large real estate projects to focused investments in areas such as logistics, mineral exploitation, religious tourism, and AI.
- Al-Rumayyan said Saudi Arabia wants to restore Japan as a major partner by bringing more Japanese companies to work with the fund.
- Japan is drawing increased Gulf capital, highlighted by the QIA–ORIX $2.5 billion buyout fund and PIF’s preliminary agreements with five Japanese lenders worth up to $51 billion.