“Despite its image as a serial acquirer of high-profile western trinkets, the PIF only deployed 21% of its assets outside the kingdom in 2022. By comparison, funds like the Qatar Investment Authority, Abu Dhabi’s Mubadala and Singapore’s Temasek invest only about a quarter of their wealth at home, according to Global SWF.” 

Saudi’s $700 billion PIF is an odd sort of sovereign fund [Reuters]