Saudi Arabia's sovereign wealth fund has seen a decline in investments in gigaprojects, depreciating by $8 billion in 2024, despite increasing assets under management.
Adrian Rusu
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Saudi Arabia's Sovereign Investment Fund (PIF) has reported a significant reduction in investments in gigaprojects, down 12.4% to $56.2 billion. Although assets under management increased by 19% to almost 913 billion dollars, the depreciation was influenced by the fall in oil prices and the fiscal deficit. International investments also fell, with part of the increase in assets due to the transfer of shares from Aramco. Analysts warn a further fall in oil prices could hurt government revenues.
Sources
Lovitură pentru megaproiectele excentrice ale Arabiei Saudite: Fondul suveran de investiţii al regatului taie 8 miliarde de dolari din valoarea acestora
Lovitură pentru Arabia Saudită - Pierderi de miliarde de dolari
Fondul suveran al Arabiei Saudite, lovit de o pierdere de 8 miliarde dolari din cauza ”gigaproiectelor”
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