Saudi Arabia's Vision 2030 makes sense, says CEO of UAE sovereign wealth fund
2:39
Saudi Arabia's Vision 2030 makes sense, says CEO of UAE sovereign wealth fund
Khaldoon Mubarak, CEO of Mubadala, discusses where he expects investments in Saudi Arabia to yield returns.
CNBCDec 12, 2017
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Saudi Arabia’s Public Investment Fund has become the world’s 5th largest sovereign wealth fund with total assets now reaching a staggering $940.26 billion. The increase was achieved by an 8% additional stake in Aramco, boosting The PIF's assets by $163.6 billion and potentially positioning it to reach $1 trillion by 2025. The Aramco stake now constitutes 37% of PIF’s portfolio, and its dividends are expected to help fund ongoing Giga projects in the Kingdom, such as NEOM as well as fund acquisit
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