Chaired by the Crown Prince: The Public Investment Fund approves its 2026–2030 strategy to maximize returns

Chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Board of Directors of the Public Investment Fund (PIF), the PIF Board of Directors approved the Fund’s 2026-2030 Strategy. This strategy complements the Fund’s long-term direction, focusing on building highly competitive local economic ecosystems that support integration across sectors, maximize the value of strategic assets, ensure sustainable returns, continue the Kingdom’s economic transformation, and enhance the quality of life for its citizens.
The 2026-2030 Strategy represents a natural progression from a phase of growth and expansion to a new phase of achieving sustainable value, maximizing impact, increasing investment efficiency, implementing the highest standards of governance, transparency, and institutional excellence, and strengthening the role of the private sector as an active partner in sustainable development.
The Fund's investments, within its 2026-2030 strategy, are distributed across three investment portfolios. The first, the "Vision Portfolio," aims to enhance integration among priority strategic sectors, maximize value for the Fund's companies, and continue to drive local economic growth and contribute to achieving national goals and priorities. This will be accomplished through the development of six integrated economic ecosystems that strengthen the Fund's investments, enhance their competitiveness, and open up broader opportunities and partnerships with the local private sector as an investor, partner, and supplier, making it an active partner in sustainable development. The portfolio also aims to attract international partners and investors.
These economic ecosystems include "Tourism, Travel, and Entertainment," "Urban Development," "Advanced Industries and Innovation," "Industry and Logistics," "Clean and Renewable Energy and Water Infrastructure," and "NEOM."
The second portfolio, the "Strategic Investments Portfolio," will focus on managing and maximizing returns on strategic assets, increasing the economic impact of the Fund's companies, supporting their efforts to attract local and international investments, and transforming them into leading global companies.
Through this portfolio, the Fund will continue to invest in strategic, long-term sectors, taking into account economic variables and keeping pace with global transformations.
The third portfolio, the “Financial Investments Portfolio,” will focus on achieving sustainable financial returns to strengthen the Fund’s financial position and its role in continuing to develop national wealth for the benefit of future generations. It will also focus on the Fund’s direct and indirect investments in global markets, aiming to maximize returns, further enhance the diversification and flexibility of the Fund’s portfolio, and pursue the development of strategic partnerships that will attract more global investments and opportunities.
On this occasion, His Excellency the Governor of the Public Investment Fund, Mr. Yasser bin Othman Al-Rumayyan, said: “The Public Investment Fund’s strategy continues to achieve milestones with growth both locally and internationally. In less than a decade, the Fund has launched unprecedented projects, including mega-projects and real estate developments, and made strategic investments in sectors such as artificial intelligence, electronic games, and renewable energy. The Fund has also managed to increase its assets under management sixfold and attract international companies and investors to the local market to participate in the Kingdom’s economic transformation. In the next phase, the Fund will continue to contribute to achieving the goals of the Kingdom’s Vision 2030 through competitive local economic ecosystems, investing in national companies to become leading global companies, and establishing international economic partnerships, thus building upon the progress and tangible achievements of the Fund’s 2021-2025 strategy.”
His Excellency continued: “The 2026-2030 strategy is a natural progression in the Fund’s growth trajectory. It offers our partners new opportunities to invest with the Fund in high-value assets and integrated economic ecosystems. Over the next five years, the Fund will continue to build on its achievements and strengthen its international leadership, ensuring success for both the Fund and the Kingdom.”
The Public Investment Fund will continue to invest flexibly both domestically and internationally in the coming phase, capitalizing on opportunities that bolster local economic growth and influence the rapidly evolving global economy. It will focus on maximizing value and financial returns, enhancing investment efficiency, maintaining best practices, embracing innovation, and leveraging data and artificial intelligence to ensure continuous improvement and achieve institutional excellence.
The strategy will chart the Fund’s course for decades to come, solidifying its position as a leading local and international investor with a diversified and influential portfolio. It will contribute to the Kingdom’s long-term economic prosperity and maintain the unique character of its vision and mission by focusing on leading the Kingdom’s economic transformation and achieving sustainable financial returns.
The Fund’s five-year strategy will build upon the achievements of its previous strategies, most notably:
– Increasing assets under management from SAR 500 billion in 2015 to over SAR 3.4 trillion in 2025.
– Maintaining a total return to shareholders exceeding 7% year-on-year since 2017.
– Investing approximately SAR 750 billion domestically in new projects between 2021 and 2025.
– Contributing a cumulative SAR 910 billion to the Kingdom’s real non-oil GDP between 2021 and 2024, reaching approximately 10% of the Kingdom’s total non-oil GDP in 2024. – Spending
approximately SAR 590 billion on local content between 2021 and 2024.
– Expanding its global presence by opening offices for subsidiary companies worldwide in Asia, Europe, and the Americas, with the aim of deepening the Fund’s engagement in priority international markets and investing in key sectors. The industries and companies that will shape the economies of the future.
It has also received high credit ratings from the three major rating agencies, placing it among a select group of sovereign wealth funds with similar ratings. Moody's upgraded the fund's rating to Aa3 with a stable outlook, and Fitch Ratings assigned the Public Investment Fund a long-term issuer rating of A+ with a stable outlook.