Saudi Arabia Approves Public Investment Fund 2026–2030 Strategy to Drive Economic Transformation

Saudi Arabia has approved the 2026–2030 strategy of the Public Investment Fund (PIF), according to the Saudi Press Agency. The plan, endorsed by the board chaired by Crown Prince Mohammed bin Salman, builds on the fund’s long-term approach and focuses on strengthening domestic economic ecosystems, unlocking strategic assets, boosting long-term returns, and advancing the country’s economic transformation while improving quality of life.

PIF Governor Yasir al-Rumayyan said the strategy reflects continued progress both within Saudi Arabia and internationally. Over the past decade, the fund has launched major projects, including large-scale developments and investments in sectors such as artificial intelligence, gaming, esports, and renewable energy. During this period, assets under management have increased sixfold, and the fund has attracted significant global partnerships and capital.

He added that PIF will continue supporting the goals of Saudi Vision 2030 by strengthening domestic industries, backing national companies with global growth potential, and expanding international economic partnerships. The new five-year plan is positioned as the next phase of the fund’s expansion, offering investors access to high-quality assets and reinforcing its global investment role.

The strategy organizes PIF’s activities into three main portfolios: Vision, Strategic, and Financial. The Vision Portfolio will focus on developing six domestic sectors—tourism, urban development, advanced manufacturing, logistics, clean energy, and NEOM—while encouraging private sector participation and foreign investment. The Strategic Portfolio will concentrate on managing key assets and supporting companies in becoming global leaders, while the Financial Portfolio will aim to generate sustainable returns and strengthen the fund’s international position.

In recent years, PIF has contributed more than $243 billion to Saudi Arabia’s non-oil GDP, invested over $199 billion in new projects between 2021 and 2025, and spent more than $157 billion with the local private sector. The fund is expected to continue investing across global markets with an emphasis on value creation, sustainability, and efficient capital use as it reinforces its role as a major global investor supporting the Kingdom’s long-term growth.