From growing the Public Investment Fund’s assets to unlocking sectors that pioneer new ways of living, the Public Investment Fund Program enables the Kingdom to be more ambitious, exciting, and prosperous than ever before.
The Public Investment Fund’s investments accelerate innovation, reinvent industries, create jobs, and grow Saudi Arabia’s economy. Previously unimaginable opportunities in the Kingdom are now creating a bright future with huge promise and potential for all.
Launched in 2017, the Program is dedicated to maximizing the impact of the Public Investment Fund, the engine that drives the diversification of Saudi Arabia’s economy.
By leading the charge in building economic transformation, the Program is fostering positive, sustainable change in Saudi Arabia – consequently, the Kingdom is now the investment partner of choice for global opportunities.
Through bold, broad, and wise investments, the Program is blazing the trail for a prosperous future. As of July 2022, the PIF has reached $700bn in assets under management, created 500,000 direct and indirect jobs, and established 79 companies, such as the Saudi Coffee Company. The Company, formed in May 2022, is a testament to the Program’s support of the local private sector and celebration of Saudi heritage.
Five giga-projects under the Program are redefining the Kingdom’s future and pioneering a new way of sustainable living for the world. These include: NEOM, boasting the world's smartest technology and unparalleled support for entrepreneurship; ROSHN, promoting modern societies and lifestyles, the captivating Red Sea project, introducing a new era of tourism in the Kingdom and beyond; Qiddiya, the hub of entertainment, sports, and the arts in the Kingdom; and Diriyah, a one-of-a-kind project showcasing rich cultural heritage and tourist attractions.
At home and abroad, the PIF continues to shape and deliver an exciting future that elevates the Kingdom and positively impacts the world.
Strategic Objectives
2025 Targets
$1
trn+
assets under management
$39
bn+
invested annually in new, local projects
$319
bn+
non-oil GDP contribution by 2025
60
%
contribution to local content
1.8
m
direct and indirect jobs
PIF IS EVOLVING INTO A PRIMARY DRIVER OF SAUDI ECONOMIC GROWTH. WE HAVE DOUBLED ITS SCOPE AND WE WILL CONTINUE WITH STEADY STEPS TOWARDS REALIZING ITS VISION 2030 OBJECTIVES.
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud
Chairman of the Program, Crown Prince, Prime Minister, & Chairman of the Council of Economics and Development Affairs
Board Members
H.E. Dr. Ibrahim bin Abdulaziz Al-Assaf
MINISTER OF STATE AND MEMBER OF THE COUNCIL OF MINISTERS
H.E. Dr. Majid bin Abdullah Al-Qasabi
MINISTER OF COMMERCE
H.E. Mr. Mohammed bin Abdul Malik Al Al-Sheikh
MINISTER OF STATE AND MEMBER OF THE COUNCIL OF MINISTERS
H.E. Mr. Ahmed bin Aqeel Al-Khateeb
MINISTER OF TOURISM
H.E. Eng. Khalid bin Abdulaziz Al-Falih
MINISTER OF INVESTMENT
H.E. Mr. Mohammed bin Abdullah Al-Jadaan
MINISTER OF FINANCE
H.E. Mr. Mohammed bin Mazyad Al-Tuwaijri
ADVISOR AT THE ROYAL COURT
H.E. Mr. Yasir bin Othman Al-Rumayyan
GOVERNOR OF THE PUBLIC INVESTMENT FUND
Gallery
