Saudi Crown Prince chairs PIF board as fund approves 2026-2030 strategy
- Apr 16
- 1 min read
RIYADH, April 16 — Saudi Arabia’s Public Investment Fund has approved its 2026-2030 strategy, setting out plans to focus on domestic sector development, long-term returns and continued support for the kingdom’s economic transformation.
The strategy, approved by PIF’s board chaired by Crown Prince Mohammed bin Salman, marks a shift from a period of rapid growth to a phase focused on sustained value creation, investment efficiency and governance standards.
Under the new plan, PIF has grouped its investments into three portfolios: a Vision Portfolio, a Strategic Portfolio and a Financial Portfolio.
The Vision Portfolio will focus on six 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.
The Strategic Portfolio will manage key assets with the aim of maximizing financial returns and economic impact, while the Financial Portfolio will oversee direct and indirect investments in global markets to strengthen returns and diversify holdings.
PIF Governor Yasir Al-Rumayyan said the fund would continue to support Saudi Vision 2030 through domestic ecosystems, investments in national champions with global scaling potential, and international economic partnerships.
Assets under management have increased from $150 billion in 2015 to more than $900 billion, while annualized total shareholder return has exceeded 7% since 2017, according to the statement.
PIF also invested more than $199 billion in new projects in Saudi Arabia between 2021 and 2025 and contributed more than $243 billion to the kingdom’s real non-oil GDP from 2021 to 2024.
Spending by PIF and its portfolio companies with the local private sector exceeded $157 billion over the same period, the statement said.
