Saudi Arabia’s Public Investment Fund (PIF) has approved its 2026–2030 strategy, marking the next phase in the sovereign wealth fund’s long-term growth plans.

The strategy, approved by PIF’s Board of Directors, chaired by Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud, is designed to strengthen domestic ecosystems, unlock the value of strategic assets, maximize long-term returns, and continue supporting the Kingdom’s economic transformation.

Under the new plan, PIF will place greater emphasis on connecting sectors, improving investment efficiency, and enhancing the quality of life for Saudi citizens.

The 2026–2030 roadmap signals a shift from rapid expansion to a phase focused on sustained value creation. The fund said it will prioritize maximizing impact, improving capital efficiency, and maintaining high standards of governance, transparency, and institutional excellence. It will also continue enabling the private sector to play a larger role in sustainable economic development.

As part of the strategy, PIF has structured its investments into three portfolios: the Vision Portfolio, the Strategic Portfolio, and the Financial Portfolio.

The Vision Portfolio will focus on creating synergies across key sectors, maximizing value for portfolio companies, and driving local economic growth. It will support national priorities through the development of six domestic ecosystems and deeper integration across 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.

This portfolio will also create opportunities for the domestic private sector to participate as investors, partners, and suppliers, while attracting international capital and partnerships.

The Strategic Portfolio will focus on managing key assets to maximize financial returns and increase the economic impact of PIF-backed companies. It will support portfolio companies in attracting capital and expanding into global markets while continuing to invest in opportunities aligned with long-term global trends.

Meanwhile, the Financial Portfolio will prioritize sustainable returns to strengthen PIF’s financial position and support the growth of national wealth for future generations. It will manage both direct and indirect investments across global markets, aiming to build a more diversified and resilient investment base while supporting strategic international partnerships.

PIF Governor Yasir Al-Rumayyan said the fund’s strategy has already delivered significant results both domestically and internationally.

“PIF’s strategy continues to deliver results as we grow domestically and internationally. In less than a decade, we have launched unprecedented projects, including giga-projects and major real estate developments, alongside investments in strategic sectors such as artificial intelligence, gaming and esports, and renewable energy,” he said.

“PIF has also increased assets under management six-fold and attracted global partners and capital to support Saudi Arabia’s transformation.”

Al-Rumayyan added that PIF will continue to support Saudi Vision 2030 by building competitive domestic ecosystems, investing in national champions with global potential, and strengthening international economic partnerships.

“The 2026–2030 strategy is a natural next step in PIF’s growth journey. It offers our partners more opportunities to invest in high-quality assets and ecosystems alongside PIF,” he said.

“In the next five years, we will build on these achievements and further strengthen our global position to deliver long-term value for PIF and Saudi Arabia.”

PIF said it will continue investing with agility across domestic and international markets, while maintaining the flexibility to respond to emerging opportunities in a rapidly evolving global economy. The fund will also focus on value realization, sustainable returns, improved capital efficiency, and the use of advanced technologies, including data and artificial intelligence.

According to PIF, the 2026–2030 strategy provides a long-term framework to strengthen its position as both a local and global investor with a diversified and resilient portfolio. Its core mandate remains unchanged: to drive Saudi Arabia’s economic transformation while generating sustainable financial returns.

The strategy builds on significant milestones achieved under previous plans. Assets under management have grown from $150 billion in 2015 to more than $900 billion, while the fund has delivered an annualized total shareholder return of over 7% since 2017.

Between 2021 and 2025, PIF invested more than $199 billion in projects across Saudi Arabia. It also contributed over $243 billion to the Kingdom’s real non-oil GDP between 2021 and 2024, accounting for around 10% of total non-oil GDP in 2024. During the same period, PIF and its portfolio companies spent more than $157 billion with the local private sector.

The strategy also includes plans to expand PIF’s global footprint through subsidiary offices in North America, Europe, and Asia. These offices are expected to strengthen international partnerships, support investments in future-focused sectors, and reinforce the fund’s global presence.

PIF said it will also maintain strong credit ratings from the world’s leading rating agencies as part of its long-term financial strategy.