The Public Investment Fund Board of Directors, led by Crown Prince Mohammed bin Salman, approved a new strategy covering the period from 2026 to 2030, splitting the Fund’s focus into three verticals: Vision, Strategic, and Financial.
The shift in focus aligns with PIF’s focus on domestic growth led by the private sector: a stark shift from overseas investments and domestic mega-projects. This places a greater importance on monetisation, specifically investment efficiency and governance.
The three verticals are earlier themes, now formalised in the 2026-2030 strategy.
The Vision Portfolio aims to utilise synergies across vital sectors, enhance the value of portfolio companies, and stimulate local economic growth through verticals such as NEOM.
The Strategic Portfolio will focus on the active management of key assets to maximise financial returns and economic impact while aiding companies in their global expansion efforts.
The Financial Portfolio is set to ensure sustainable financial returns and enhance PIF’s financial standing, contributing to national wealth through diversified global investments.
PIF Governor Yasir Al-Rumayyan highlighted the fund’s significant achievements over the past decade, including a more than sixfold increase in AUM. AUM has increased from $150B (2015) to $900B (2025).
Al-Rumayyan denied reports of any scale back to NEOM projects despite previous comments by the former Saudi Investment Minister, H.E. Khalid Al Falih.
Al Falih was replaced in February this year by Fahad Al-Saif, PIF official.
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