Riyadh – The Public Investment Fund (PIF) Board of Directors, chaired by Crown Prince Mohammed bin Salman, has approved the PIF’s 2026-2030 strategy, the Saudi Press Agency reported on Wednesday.
This reflects the continuation of the Fund’s long-term direction to advance Saudi Arabia’s economic transformation while building a competitive domestic ecosystem, unlocking the full potential of strategic assets, maximizing long-term returns and enhancing quality of life.
The Strategy 2026-2030 represents a natural evolution as the PIF transitions from a period of rapid growth and acceleration to a new phase focused on sustained value creation, with a greater emphasis on maximizing impact, improving investment efficiency and implementing the highest standards of governance, transparency and institutional excellence.
The strategy also strengthens the role of the private sector as a key partner in sustainable economic development, expanding opportunities for local and international investors to participate in PIF-led development.
Under the new framework, PIF has structured its investments into three core portfolios: vision, strategic and financial.
The Vision Portfolio is designed to leverage synergies across strategic sectors, maximize value for the portfolio companies and promote the growth of the local economy. It will contribute to national priorities through the delivery of six competing domestic ecosystems and deeper integration of PIF’s investments.
These ecosystems include tourism, travel and recreation; urban development and livability; advanced manufacturing and innovation; Industry and Logistics; clean energy, water and renewable infrastructure; And NEOM reflects the breadth of Saudi Arabia’s development priorities.
The vision portfolio will also open up new opportunities for the domestic private sector as an investor, partner and supplier, while attracting global partners and capital to support long-term growth.
The strategic portfolio will focus on actively managing key strategic assets to maximize both financial returns and economic impact, while helping companies expand globally and attract capital. It will also continue to invest in opportunities in line with long-term global trends.
Meanwhile, the financial portfolio will aim to provide sustainable financial returns, strengthen the financial position of the PIF and grow national wealth for future generations through diversified investments in global markets.
PIF Governor Yasser Al-Rumayyan said the fund has made significant achievements over the past decade, including launching major projects and investments in strategic areas such as artificial intelligence, gaming, eSports and renewable energy.
He said PIF has expanded its assets under management more than sixfold and has attracted global partners and capital to support Saudi Arabia’s transformation.
Al-Rumayyan said the 2026-2030 strategy represents the next step in PIF’s growth journey, providing investors with new opportunities to participate in the fund as well as high-quality assets and the ecosystem.
He stressed that PIF will continue to support Vision 2030 by developing competitive domestic ecosystems, investing in national champions with global potential, and strengthening international economic partnerships.
The fund will maintain a flexible investment approach across local and international markets, enabling it to respond to emerging opportunities focusing on value realization, capital efficiency and innovation, including the advanced use of data and artificial intelligence.
The strategy builds on substantial achievements in recent years, including increasing assets under management from $150 billion in 2015 to more than $900 billion, achieving annual shareholder returns of more than 7% since 2017, and investing more than $199 billion in new projects in Saudi Arabia between 2021 and 2025.
The PIF has contributed more than $243 billion to real non-oil GDP between 2021 and 2024, equivalent to about 10% of Saudi Arabia’s non-oil GDP in 2024, while spending more than $157 billion with the local private sector during the same period.
The fund has expanded its global presence with offices in North America, Europe and Asia, strengthening its access to international markets and investment opportunities, and is one of the few sovereign wealth funds with strong credit ratings from all three major rating agencies.