"Public Investment Fund".. The Strategic Driver of Economic Transformation and Future-Making

The Public Investment Fund continues to solidify its position as one of the most prominent drivers of growth and economic diversification in the Kingdom, under an ambitious strategy for the years 2026-2030 that aims to maximize economic impact and achieve sustainable financial returns, while driving development and enhancing the competitiveness of the national economy. In this context, the fund manages assets exceeding 3.4 trillion Saudi riyals within a diversified investment portfolio, reflecting the scale of its presence and impact at both local and global levels.

The fund contributed approximately 910 billion riyals to real non-oil GDP from 2021 to 2024, equivalent to about 10% of total non-oil GDP in 2024. This underscores its pivotal role in supporting the national economy. Managed assets have grown more than six-fold since 2015, while total shareholder returns have exceeded 7% annually since 2017, supported by strong credit ratings of Aa3 from Moody's, A+ from Fitch, and A-1 short-term rating from S&P. At the same time, spending on local content reached about 590 billion riyals during 2021-2024, along with local investment of approximately 750 billion riyals in new projects until 2025.

In the next phase, the Public Investment Fund is working to build integrated local economic systems with competitive standards, focusing on maximizing financial returns and enhancing investment efficiency, in addition to expanding private sector participation. Its investments are distributed across three main portfolios: the Vision Portfolio, the Strategic Portfolio, and the Financial Portfolio, aiming to achieve integration and balance in investments and maximize their economic impact.

While the Vision Portfolio focuses on supporting the economic transformation journey by building integrated competitive systems and enhancing cross-sector linkages, it also contributes to creating broader opportunities for partnership and investment with the private sector. The Strategic Portfolio works to raise investment efficiency and support the growth of national companies to become global entities, along with investing in opportunities linked to long-term global trends. Meanwhile, the Financial Portfolio focuses on achieving sustainable returns and protecting national wealth through managing direct and indirect investments in financial markets and attracting international investors.

The Vision Portfolio is also developing six integrated economic systems to support the next phase of economic transformation in the Kingdom. These include the 'Tourism, Travel, and Entertainment System,' which focuses on hosting the world and enhancing hospitality, experiences, and accessibility; the 'Urban Development and Urban Growth System,' which aims to create modern cities that provide integrated housing, commercial and community spaces, and essential services; and the 'Advanced Industries and Innovation System,' which contributes to shaping the next generation of future industries such as artificial intelligence, vehicle manufacturing, pharmaceuticals, and space and technology industries. Meanwhile, the 'Industry and Logistics Services System' supports enhancing global trade flows to and from the Kingdom by developing mining, basic and food industries, logistics zones, and ports.

The 'Clean and Renewable Energy and Water Infrastructure System' focuses on supporting clean energy solutions, including renewable energy, green hydrogen, and water and waste management. NEOM represents an integrated model for creating future industries through developing infrastructure, logistics services, and industrial facilities, in addition to investing in artificial intelligence and renewable energy.