When the Japanese stock market plunged, the "golden owner" announced an increase in investment in Japan: the Saudi sovereign fund plans to more than double its investment.

The Intelligent Wealth Finance APP has learned that Saudi Arabia's sovereign wealth fund (PIF) plans to increase its investment in Japan to around $27 billion by the end of 2030. This move aims to deepen the country's ties in Asia and expand its business in various areas from key minerals to financial markets. Yasir Al Rumayyan, head of PIF, said on Monday in Tokyo that after investing $11.5 billion in Japan from 2019 to 2024, the fund plans to invest even more money. He emphasized investments in both public and private markets, and predicted that the ETF recently launched between Saudi Arabia and Japan will "make greater progress."