Saudi Gazette
RIYADH — The Public Investment Fund (PIF) Board of Directors, chaired by Crown Prince Mohammed bin Salman, has approved PIF’s 2026–2030 strategy, Saudi Press Agency reported on Wednesday.This marks a continuation of the fund’s long-term direction to build competitive domestic ecosystems, unlock the full potential of strategic assets, maximize long-term returns, and drive Saudi Arabia’s economic transformation while enhancing quality of life.The 2026–2030 strategy represents a natural evolution as PIF transitions from a period of rapid growth and acceleration into a new phase focused on sustained value creation, with a stronger emphasis on maximizing impact, improving investment efficiency, and applying the highest standards of governance, transparency, and institutional excellence.The strategy also reinforces 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 growth.Under the new framework, PIF has structured its investments into three main portfolios: Vision, Strategic, and Financial.The Vision Portfolio is designed to leverage synergies across strategic sectors, maximize value for portfolio companies, and drive the growth of the local economy. It will contribute to national priorities through the delivery of six competitive domestic ecosystems and deeper integration of PIF’s investments.These ecosystems include tourism, travel and entertainment; urban development and livability; advanced manufacturing and innovation; industrials and logistics; clean energy, water and renewables infrastructure; and NEOM, reflecting the breadth of Saudi Arabia’s development priorities.The Vision Portfolio will also unlock 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 supporting companies in scaling globally and attracting capital. It will also continue to invest in opportunities aligned with long-term global trends.Meanwhile, the Financial Portfolio will aim to deliver sustainable financial returns, strengthen PIF’s financial position, and grow national wealth for future generations through diversified investments across global markets.PIF Governor Yasir Al-Rumayyan said the fund has achieved significant milestones over the past decade, including launching major projects and investments across strategic sectors such as artificial intelligence, gaming, esports, and renewable energy.He noted that PIF has expanded its assets under management more than sixfold and attracted global partners and capital to support Saudi Arabia’s transformation.Al-Rumayyan added that the 2026–2030 strategy represents the next step in PIF’s growth journey, offering new opportunities for investors to participate in high-quality assets and ecosystems alongside the fund.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 while focusing on value realization, capital efficiency, and innovation, including 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 an annualized shareholder return of over 7% since 2017, and investing more than $199 billion in new projects in Saudi Arabia between 2021 and 2025.PIF has also contributed more than $243 billion to real non-oil GDP between 2021 and 2024, equivalent to around 10% of Saudi Arabia’s non-oil GDP in 2024, while spending over $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 among the few sovereign wealth funds with strong credit ratings from all three major rating agencies.
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