Public Investment Fund

The Public Investment Fund (PIF) is a Saudi sovereign wealth fund established in 1971 under Royal Decree No. M/24. It initially helped establish companies of foundational importance to the Saudi economy, including many "national champions." In March 2015, the Kingdom's Council of Ministers issued Resolution 270, placing the Fund under the direction of the newly formed Council of Economic and Development Affairs (CEDA), with Crown Prince HRH Mohammed bin Salman bin Abdulaziz as chairman. PIF describes itself as a catalyst of Vision 2030, driving the growth of ecosystems, companies and jobs, with a world-class investment portfolio focused on sustainable investments both domestically and internationally. It reports $900 bn+ in assets under management, an 11% share of Saudi Arabia's non-oil GDP in 2025, $342 bn+ cumulative non-oil GDP contribution (2021–2025), and $199 bn+ in investments in new projects in Saudi Arabia, 2021–2025.

The Public Investment Fund was established in 1971 under Royal Decree No. M/24. The Fund initially helped establish companies of foundational importance to the Saudi economy, including many "national champions." PIF was "reborn" in March 2015, when the Kingdom's Council of Ministers issued Resolution 270, which placed the Fund under the direction of the newly formed Council of Economic and Development Affairs (CEDA), with the Crown Prince, HRH Mohammed bin Salman bin Abdulaziz as chairman. This step gave PIF greater autonomy and better-defined national strategic responsibilities, enabling Saudi Arabia's economy to progress at an accelerated pace and positioning PIF as a key driver for Vision 2030. PIF's journey includes: 1971 establishment as part of the Ministry of Finance; 2015 reporting to CEDA; 2017 announcing The Public Investment Fund Program (2018-2020) and the launch of the Future Investment Initiative; 2019 introduction of the PIF New Bylaw; and 2021 announcing The Investment Strategy and VRP (2021-2025).

A global investment powerhouse and the world's most impactful investor, enabling the creation of new sectors and opportunities while driving the economic transformation of Saudi Arabia.

• 2021.10.16

  Reported2021.10.16

  Saudi Arabia’s Public Investment Fund announces THE RIG tourism project[5]沙特阿拉伯公共投资基金宣布THE RIG旅游项目thestar.com.my

  Saudi Arabia’s Public Investment Fund announced THE RIG, a planned tourism destination on offshore platforms in the Gulf.

• 2020.06.26

  Reported2020.06.26

  Aramco completes acquisition of 70% of SABIC[6]沙特阿美完成收购SABIC的70%股权interplasinsights.com

  Aramco completed its acquisition of a 70% stake in SABIC from the Public Investment Fund for SAR 259.125 billion.

• 2020.06.18

  Reported2020.06.18

  PIF investment in Jio Platforms announced[7]宣布 PIF 投资 Jio Platformsnews.abplive.com

  Reliance Jio revealed that Jio Platforms would receive an investment of Rs 11,367 crore from Saudi Arabia’s Public Investment Fund (PIF), representing a 2.32% equity stake.

Read more

1. 1Homepif.gov.sa
2. 2Our Historypif.gov.sa
3. 3Who We Arepif.gov.sa
4. 4Our Leadershippif.gov.sa
5. 5沙特阿拉伯公共投资基金宣布THE RIG旅游项目thestar.com.my
6. 6沙特阿美完成收购SABIC的70%股权interplasinsights.com
7. 7宣布 PIF 投资 Jio Platformsnews.abplive.com