Saudi Arabia’s Public Investment Fund (PIF), the kingdom’s sovereign wealth fund, has announced plans to more than double its investments in Japan, targeting around $27 billion by the end of 2030. This follows $11.5 billion already committed between 2019 and 2024.
PIF Governor Yasir Al-Rumayyan revealed the strategy during a speech at the FII Priority Asia Summit in Tokyo on December 1, 2025. The expanded portfolio will span public and private markets, with opportunities enhanced by newly launched exchange-traded funds linking Saudi Arabia and Japan.
The move aligns with PIF’s broader push to strengthen economic ties in Asia, particularly in sectors like critical minerals and financial services.
In recent years, Saudi Arabia has increasingly prioritized deepening ties with Asian countries, aiming to attract more international partners to support its ambitious, multi-trillion-dollar Vision 2030 plan for economic diversification and transformation.