Saudi Arabia Seeks Increased Japanese Investment, PIF Governor Says

TOKYO, December 1, 2025 (Saudi Arabia Breaking News) – Saudi Arabia aims to attract more Japanese companies as it works to expand foreign investment in support of its economic diversification plans, the governor of the Public Investment Fund (PIF) said on Monday.

Saudi Arabia is preparing to shift its nearly $925 billion sovereign wealth fund away from real estate projects that have dominated development efforts over the past decade, Reuters reported in October. A new strategy will narrow the fund’s focus to sectors including logistics, mineral exploitation, religious tourism and artificial intelligence.

“Japan, I think, at some stage, was one of the largest partners for Saudi Arabia, and we want to get that back by bringing in more and more Japanese companies to come and work with us,” PIF Governor Yasir Al-Rumayyan said.

“We have invested from 2017 to 2024 about $11.5 billion (in Japan), and we expect this number to go higher to about $27 billion by the end of 2030,” he added.

Speaking at the Future Investment Initiative Priority summit in Tokyo, Al-Rumayyan said the PIF’s new five-year strategy running to 2030 had recently been approved by the board.