Gold Heads for First Weekly Drop in Four Weeks ahead of US Jobs Data

Gold Heads for First Weekly Drop in Four Weeks ahead of US Jobs Data

Al-Rumayyan: PIF Analyzes Global Trends Before Investments

A group photo at the opening ceremony of the FII PRIORITY Summit Hong Kong (PIF)

Yasir Al-Rumayyan, Governor of Saudi Arabia's Public Investment Fund (PIF) and Chairman of the Future Investment Initiative (FII) Institute, emphasized that the Fund's strategy hinges on a thorough understanding of needs, global trends, and emerging directions.

Al-Rumayyan highlighted the importance of aligning these factors in the most effective manner.

This involves a thorough examination of business and financial feasibility before making any investments.

Al-Rumayyan made these remarks during a panel discussion on humanitarian priorities at the FII PRIORITY Summit Hong Kong which brought together global investors, innovators and policymakers to tackle technology, climate, and economic threats.

The two-day summit was organized by the Hong Kong government, its stock exchange and the FII Institute— a nonprofit founded by PIF.

Al-Rumayyan discussed the impact of global trends on PIF’s investments.

He highlighted the expected economic growth in Asia this year, approximately 4.6%, contributing 52% to global economic growth.

Al-Rumayyan added, “43% of funding for startups, 51% of technological expenses, and 88% of patent applications all come from Asia.”

Saudi Arabia’s national transformation plan, known as Vision 2030, aims to diversify the country’s economy beyond reliance on energy, reaffirmed Al-Rumayyan.

On his