• Transition from Expansion to Sustainable Value Creation
• Six Economic Ecosystems to Drive Integration and Growth
• SAR 3.4 Trillion in Assets Under Management Strengthening Global Influence
• International Partnerships and Strategic Investments in Future Sectors

Riyadh | BETH
27 Shawwal 1447 AH | 15 April 2026

Introduction

In a move that reflects the strength of the Saudi economy and its growing role in shaping the global economic landscape, the Board of Directors of the Public Investment Fund (PIF), chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, approved the Fund’s strategy for the period 2026–2030. The new strategy represents a transformative phase aimed at maximizing sustainable value and enhancing economic impact both domestically and internationally, in alignment with the objectives of Saudi Vision 2030.

Overview

The new strategy marks a natural progression in the Fund’s journey, transitioning from a phase of growth and expansion to one focused on sustainable value creation and maximizing economic impact. It emphasizes improving investment efficiency, applying the highest standards of governance and transparency, and strengthening the role of the private sector as a key partner in sustainable development.

PIF’s investments under the 2026–2030 strategy are structured across three main portfolios:

1. Vision Portfolio

This portfolio aims to enhance integration among priority strategic sectors through the development of six integrated economic ecosystems, including:

• Tourism, Travel, and Entertainment
• Urban Development and City Building
• Advanced Industries and Innovation
• Industry and Logistics Services
• Clean and Renewable Energy and Water Infrastructure
• NEOM

2. Strategic Investments Portfolio

This portfolio focuses on managing and maximizing returns from strategic assets, increasing the economic impact of PIF companies, and supporting their transformation into globally leading enterprises, while attracting both local and international investments.

3. Financial Investments Portfolio

This portfolio seeks to generate sustainable financial returns through direct and indirect investments in global markets. It aims to enhance the diversification and resilience of the Fund’s portfolio while supporting the growth of national wealth for future generations.

His Excellency Yasir bin Othman Al-Rumayyan, Governor of the Public Investment Fund, affirmed that the new strategy represents a natural evolution in the Fund’s growth trajectory. He highlighted that, within less than a decade, PIF has launched unprecedented mega and real estate projects and made strategic investments in sectors such as artificial intelligence, gaming, and renewable energy. He also noted that the Fund has increased its assets under management sixfold during this period.

Key Achievements

• Assets under management increased from SAR 500 billion in 2015 to more than SAR 3.4 trillion in 2025.
• Total shareholder returns exceeding 7% annually since 2017.
• Approximately SAR 750 billion invested domestically in new projects between 2021 and 2025.
• A cumulative contribution of SAR 910 billion to Saudi Arabia’s non-oil real GDP.
• Around SAR 590 billion spent on local content.
• Expansion of the Fund’s global presence through offices in Asia, Europe, and the United States.
• Strong credit ratings, including Aa3 from Moody’s and A+ from Fitch.

BETH Analysis

1. Saudi Arabia as a Global Economic Driver

The new strategy reflects the Kingdom’s transition from being an influential investor to a shaper of global economic trends, with PIF’s investments contributing to the development of future economies and enhancing international financial stability.

2. Deepening Economic Diversification

The six economic ecosystems underscore Saudi Arabia’s commitment to diversifying income sources and reducing reliance on oil, thereby ensuring sustainable economic growth.

3. Attracting International Investments

The strategy strengthens Saudi Arabia’s position as a global investment destination through international partnerships and the development of nationally rooted companies capable of competing on the global stage.

4. Public–Private Sector Integration

The emphasis on the private sector as a key partner in development enhances the business environment and increases the efficiency of the national economy.

5. Long-Term Financial Sustainability

By diversifying investment portfolios and focusing on sustainable returns, the Fund reinforces its role in building national wealth for future generations.

Conclusion

The Public Investment Fund Strategy 2026–2030 represents a pivotal milestone in Saudi Arabia’s economic journey, reinforcing the Kingdom’s position as a global economic power capable of leading future transformations. The significance of this strategy extends beyond Saudi Arabia, influencing global economic stability and shaping future growth trajectories. It confirms that Saudi Arabia has become a key player in shaping the future of the global economy.