PIF Hosts 7th Annual One Planet Sovereign Wealth Funds Summit in Riyadh

PIF Hosts 7th Annual One Planet Sovereign Wealth Funds Summit in Riyadh
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PIF Hosts 7th Annual One Planet Sovereign Wealth Funds Summit in Riyadh

PIF Hosts 7th Annual One Planet Sovereign Wealth Funds Summit in Riyadh

Saudi Arabia’s Public Investment Fund (PIF) organized the seventh annual summit for the One Planet Sovereign Wealth Funds (OPSWF) Group in Riyadh on Tuesday.

French President Emmanuel Macron, PIF Governor Yasir Al-Rumayyan, and over 100 CEOs, members of OPSWF, asset managers, and private equity fund representatives attended the event.

The summit coincided with Saudi Arabia's hosting of the 16th Conference of the Parties to the Conference of the Parties (COP16) of the United Nations Convention to Combat Desertification, the Saudi Green Initiative, and the One Water Summit.

Tuesday’s discussions focused on the pivotal role of sovereign wealth funds as global investors in addressing climate challenges, creating value through opportunity-driven investments, and financing current and future climate solutions to drive economic transformation and sustainable development.

Other issues included expanding investments in renewable energy, supporting green financing in hard-to-abate sectors, utilizing artificial intelligence to enhance emission reduction strategies, and advancing green building standards.

Key action tracks were identified to enhance investment decision-making for climate action, boost efficiency and impact within the global financial system, and address crucial areas, such as climate-related data, enabling technologies like AI, transition finance, clean hydrogen, greening real estate, and renewables in emerging markets and developing economies.

"PIF is committed to net zero by 2050, contributing to Saudi Arabia's aim of net zero by 2060. Renewables is one of PIF's strategic sectors, and PIF is working toward the localization of renewable energy and hydrogen production to achieve its target of developing 70% of the nation's renewable energy capacity," he added.

He stressed PIF's ongoing efforts to support sustainability through various projects and initiatives, including the issuance of its Green Finance Framework, the first sovereign wealth fund to issue a green bond, and the first to issue a 100-year green bond.

PIF and OPSWF Network members are building a sustainable and inclusive investment approach to ensure inclusivity for all in the transition to net zero, he noted.



High-Level Saudi Delegation Arrives in Syria to Strengthen Ties, Explore Investments

This handout picture released by the official Syrian Arab News Agency (SANA) shows Saudi Arabia's Investment Minister Khalid bin Abdulaziz al-Falih (C-L) and his delegation being received at Damascus International Airport on July 23, 2025. (SANA/AFP/Handout)
This handout picture released by the official Syrian Arab News Agency (SANA) shows Saudi Arabia's Investment Minister Khalid bin Abdulaziz al-Falih (C-L) and his delegation being received at Damascus International Airport on July 23, 2025. (SANA/AFP/Handout)
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High-Level Saudi Delegation Arrives in Syria to Strengthen Ties, Explore Investments

This handout picture released by the official Syrian Arab News Agency (SANA) shows Saudi Arabia's Investment Minister Khalid bin Abdulaziz al-Falih (C-L) and his delegation being received at Damascus International Airport on July 23, 2025. (SANA/AFP/Handout)
This handout picture released by the official Syrian Arab News Agency (SANA) shows Saudi Arabia's Investment Minister Khalid bin Abdulaziz al-Falih (C-L) and his delegation being received at Damascus International Airport on July 23, 2025. (SANA/AFP/Handout)

In line with the directives of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister, the Ministry of Investment, in coordination with the Federation of Saudi Chambers of Commerce, kicked off a high-level working visit to Syria on Wednesday.

The visit aims to strengthen and advance the fraternal bonds and historical ties between Saudi Arabia and Syria, and support Syria’s economic recovery and development.

The Saudi delegation, comprising senior officials from both the public and private sectors, aims to explore promising investment opportunities, facilitate bilateral cooperation, and address challenges facing investors to deepen economic ties and support companies from both countries.

The Ministry of Investment is seeking to empower the Saudi private sector to contribute to Syria’s reconstruction and development by identifying interested companies and organizing a series of introductory workshops.

On the sidelines of the visit, the Saudi-Syrian Investment Forum will be held in Damascus, where several joint projects, investment agreements, and memoranda of understanding will be announced, underscoring the Kingdom’s commitment to building a sustainable and strategic economic partnership with Syria.