Yasir Al-Rumayyan
Coverage of Yasir Al-Rumayyan in the Nexus archive.
- Saudi’s sovereign wealth fund wants the kingdom to become a global investment center
Saudi Arabia’s Public Investment Fund (PIF) is shifting its strategy to make the kingdom a global investment hub, allocating 80% of its capital to domestic projects and scaling back foreign investments. This pivot includes reducing the scope of giga-projects like Neom and Trojena amid fiscal pressures and geopolitical challenges.
- Saudi Aramco’s chairman calls for “energy realism”
Saudi Aramco chairman Yasir Al-Rumayyan advocates for 'energy realism' amid the Iran war's impact on global markets, criticizing European regulations that prioritize renewable energy over fossil fuels. He highlights the EU's revised sustainability rules and Saudi investments in Europe, including €10.4 billion in potential partnerships, while emphasizing ongoing global reliance on oil and gas.
- Saudi Arabia’s Wealth Fund Unveils New Strategy to Boost Returns
Saudi Arabia's Public Investment Fund (PIF) announced a new strategy aimed at increasing returns. Governor Yasir Al-Rumayyan oversees the initiative, which seeks to enhance the wealth fund's performance. The move reflects broader economic reforms under Saudi Arabia's Vision 2030.