Saudi PIF shifts focus to domestic ecosystems in new five-year strategy

RIYADH – Saudi Arabia’s Public Investment Fund approved its 2026–2030 strategy under Crown Prince Mohammed bin Salman, focusing on building competitive domestic economic sectors, boosting private sector participation and targeting sustainable returns across three investment portfolios. The fund said its investments under the new strategy are distributed across three portfolios.

The strategy is a continuation of the PIF’s long-term approach that will focus on “delivering competitive domestic ecosystems to connect sectors, unlock the full potential of strategic assets, maximize long-term returns, and continue to drive the economic transformation of Saudi Arabia and further enhance the quality of life of its citizens,” according to the Saudi Press Agency.

The new roadmap reinforces the Public Investment Fund’s role as the central engine of Saudi Arabia’s economic transformation under Vision 2030, as the kingdom continues its push to diversify away from oil dependence and deepen private sector involvement in large-scale national projects. The strategy comes as Riyadh accelerates efforts to attract foreign capital, expand industrial capacity and position itself as a regional hub for advanced industries, logistics and technology-driven growth.

PIF Governor Yasir al-Rumayyan said the “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, in addition to unique investments in strategic sectors such as artificial intelligence, gaming and esports, and renewable energy. PIF also grew assets under management six-fold and attracted global partners and capital to take part in Saudi Arabia’s transformation.”

He also said the PIF will continue to support the objectives of Saudi Vision 2030 by delivering competitive domestic ecosystems, investing in national champions that have the potential to scale globally, and forming global economic partnerships, building on what has been achieved under PIF’s 2021-2025 strategy.

“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. In the next five years, we will continue to build on our great achievements and strengthen our global leadership to deliver success for PIF and Saudi Arabia,” Rumayyan said.

The PIF has structured its investments into three portfolios: Vision, Strategic and Financial. The Vision Portfolio will reportedly support six key domestic ecosystems, including tourism, urban development, advanced manufacturing, logistics, clean energy, and NEOM, while creating opportunities for private sector participation and attracting global investors.

The emphasis on domestic ecosystems reflects a broader policy shift towards building integrated economic clusters designed to link infrastructure, industry and services, with flagship megaprojects such as NEOM remaining central to the kingdom’s long-term urban and industrial ambitions. At the same time, the model is intended to deepen supply chain localisation and increase the role of Saudi-based companies in delivering major development programmes.

Meanwhile, the Strategic Portfolio will focus on managing key assets and supporting companies to grow into global leaders, and the Financial Portfolio will aim to deliver sustainable returns and strengthen PIF’s global investment position.

The fund has also contributed more than $243 billion to Saudi Arabia’s non-oil GDP in recent years and invested over $199 billion in new projects between 2021 and 2025, while spending more than $157 billion with the local private sector.

The PIF said it will continue to invest with agility across global markets, focusing on value realization, sustainable returns, and capital efficiency, as it strengthens its role as a leading global investor supporting the Kingdom’s long-term economic prosperity.