MIAMI: The chairman of Saudi Aramco and governor of the Kingdom’s Public Investment Fund gave assurances at the Future Investment Initiative’s Priority Summit that the current Middle East wars have not impacted the country’s vision for growth and engagement.
“The Saudi microeconomic and physical position remains strong, stable and resilient, and PIF’s portfolio is well diversified and structurally resilient,” Yasir Al-Rumayyan told an audience of nearly 2,000.
“We’re a long-term, patient investor. We measure our returns not in quarters but in decades. And PIF remains committed to its investments around the world.”
Al-Rumayyan said PIF was launched in 1971 to strengthen Saudi Arabia’s “nation building” and reinforce the economy.
That growth has continued through today, with an announcement of the next five-year strategy to be made in the coming weeks, he added.
