Saudi Arabia’s Public Investment Fund plans to double its assets to 4 trillion riyals ($1.07 trillion) by 2025, Prince Mohammed bin Salman said on Sunday, a move that would make it one of the biggest sovereign wealth funds in the world. The fund would invest 3 trillion riyals in new sectors over the next 10 years, the prince added as he launched the fund’s five-year plan in a speech on state TV. The fund says on its website that it has already increased its assets under management to 1.5 trillion riyals by 2020, from 150 billion riyals in 2015. Prince Mohammed said the Public Investment Fund (PIF) was on […]