Saudi PIF to Increase Japan Investments to $27B by 2030

Tokyo (Bloomberg) – On December 1, 2025, the Saudi Public Investment Fund, a sovereign wealth fund valued at $1 trillion, announced plans to more than double its investments in Japan to approximately $27 billion by 2030. The announcement was made by Fund Governor Yasir Al-Rumayyan during the 'FII Priority Asia' summit in Tokyo, emphasizing Riyadh's ambition to deepen economic ties in Asia within the framework of Vision 2030.

The fund, which invested $11.5 billion in Japan between 2019 and 2024, now aims to deploy new capital in public and private markets, including newly launched exchange-traded funds (ETFs) between the two countries. Al-Rumayyan stated, 'Asia is significant for us. We want better relations, more efficient supply chains, and broader access to supply chains,' adding that Japan, which was a key partner in the past, could regain its status as the third-largest trading partner of the Kingdom.

Major expansions focus on critical minerals and financial markets, with cooperation in energy developing blue ammonia supply chains with Japanese companies, while financial ties grow through index funds in China, Hong Kong, and Japan, alongside partnerships with Asian banks. Projects also extend to entertainment through 'Dragon Ball' theme parks and anime within the Qiddiya project in Riyadh.

The fund's strategy for 2026-2030 focuses on six key sectors and is expected to raise annual investment volume to $70 billion post-2024 (up from $57 billion this year). These investments are anticipated to add up to $16.6 billion to Saudi Arabia's GDP while encouraging Japanese investments in tourism and travel to the Kingdom.

Analysts see the step as mutually beneficial, enhancing supply chain resilience and achieving joint growth, although geopolitical balances – particularly with China as the largest buyer of Saudi oil – may impact execution. As the summit concludes, the announcement underscores the Kingdom's growing role in the Asian economic landscape.