Saudi Arabia’s Public Investment Fund (PIF) has unveiled its new strategy for the next five years, heralding a new phase of sustained value creation.
Chaired by the Saudi Crown Prince and Prime Minister, Mohammed bin Salman, the PIF Board of Directors on Wednesday endorsed the fund’s 2026-2030 strategy, according to the Saudi Press Agency (SPA).
PIF 2026-2030 Strategy
The new strategy marks a continuation of the PIF’s long-term vision, prioritizing the development of competitive domestic ecosystems that bridge key sectors and unlock the full potential of strategic assets.
It also aims to maximize long-term returns and accelerate Saudi Arabia’s economic transformation and elevate the quality of life for all citizens.
The 2026-2030 strategy places an increased focus on maximizing impact and enhancing investment efficiency, as well as upholding rigorous benchmarks for governance, transparency, and institutional integrity.
Under the new strategy, the PIF will further empower the private sector, positioning it as a pivotal driver in the Kingdom’s journey toward sustainable economic growth.
Three Portfolios
The PIF 2026-2030 strategy centers around three portfolios. The Vision Portfolio will support six competitive domestic ecosystems: Tourism, Travel, and Entertainment; Urban Development and Livability; Advanced Manufacturing and Innovation; Industrials and Logistics; Clean Energy, Water, and Renewables Infrastructure; and NEOM.
It aims to drive the growth of the local economy by unlocking new opportunities for the domestic private sector as an investor, partner, and supplier.
Meanwhile, the Strategic Portfolio will handle the management of strategic assets to maximize financial returns and support PIF companies to become global champions. This portfolio eyes investments in long-term global trends.
Finally, the Financial Portfolio will manage PIF’s direct and indirect investments in global markets to maximize returns. It will also bolster strategic international partnerships to help attract capital and increase access to global investment opportunities.
Supporting Vision 2030
Commenting on the new strategy, PIF Governor Yasir Al-Rumayyan noted that it “continues to deliver results as we grow domestically and internationally.”
“In less than a decade, we have launched unprecedented projects, including giga-projects and major real estate developments, in addition to unique investments in strategic sectors such as artificial intelligence, gaming and E-sports, and renewable energy. PIF also grew assets under management six-fold and attracted global partners and capital to take part in Saudi Arabia’s transformation,” he said.
Al-Rumayyan emphasized that the PIF will continue to support the objectives of Vision 2030 and build on what has been achieved under PIF’s 2021-2025 strategy.
“The 2026-2030 strategy is a natural next step in PIF’s growth journey. It offers our partners more opportunities to invest in high-quality assets and ecosystems, alongside PIF. In the next five years, we will continue to build on our great achievements and strengthen our global leadership to deliver success for PIF and Saudi Arabia,” he said.
Remarkable Achievements
Under the new strategy, the PIF will continue to pivot between local and global markets with high agility to maintain its ability to respond to new opportunities while focusing on value realization, capital efficiency, and innovation, including advanced use of data and artificial intelligence.
This new phase builds on a decade of remarkable growth, where assets under management surged from $150 billion in 2015 to over $900 billion.
Financial highlights include a 7% annualized return since 2017 and a massive $199 billion injected into domestic projects over the last five years.
From 2021 to 2024, the Fund also spent $157 billion with the local private sector and contributed $243 billion to non-oil GDP, accounting for 10% of the Kingdom’s total non-oil GDP in 2024. This fiscal strength is underscored by elite credit ratings of Aa3 from Moody’s and A+ from Fitch.
