The Public Investment Fund

One of the largest
sovereign wealth funds

The Public Investment Fund seeks to become one of the largest and most impactful sovereign wealth funds in the world. Its mission is to create new sectors and opportunities that will shape the future global economy and drive the economic transformation of Saudi Arabia. In October 2017 at the Future Investment Initiative, the PIF Program (2018-2020) was launched as part of the Kingdom’s Vision 2030 Vision Realization Programs (VRP). The PIF Program is one of twelve VRPs and acts as a roadmap for the next three years to strengthen PIF’s position as the engine behind economic diversification in the Kingdom and role in transforming Saudi Arabia into a global investment powerhouse.


The Board of PIF comprises a team of highly qualified leaders who bring experience and expertise in economics, energy, law, finance and delivering major projects. Under the chairmanship and guidance of H.R.H. Prince Mohammad bin Salman bin Abdulaziz, the Board is responsible for overseeing the long-term strategy, investment policy and performance of PIF.


His Royal Highness Mohammad bin Salman bin Abdulaziz Al-Saud

Crown Prince, Deputy Prime Minister

Chairman of the Council of Economic and Development Affairs

Chairman of the Public Investment Fund

H.E. Ibrahim Abdulaziz Al-Assaf

Minister of State and member of the Saudi Council of Ministers

H.E. Mohammad Abdul Malek Al Shaikh

Minister of State and member of the Saudi Council of Ministers

H.E. Khalid Abdulaziz Al-Falih

Minister of Energy, Industry and Mineral Resources

H.E. Dr. Majid Bin Abdullah Al Qasabi

Minister of Commerce and Investment

H.E. Mohammad Abdullah Al-Jadaan

Minister of Finance

H.E. Mohamed Mazyed Altwaijri

Minister of Economy and Planning

H.E. Ahmed Aqeel Al-Khateeb

Advisor to the General Secretariat of the Cabinet of Ministers

H.E. Yasir Othman Al-Rumayyan

Managing Director of the Public Investment Fund

Advisor to the General Secretariat of the Cabinet of Ministers


Vision 2030 is an ambitious yet achievable blueprint, which expresses the country’s long-term goals and expectations for its economy. Chief among its goals is the increase of non oil government revenue through added investments, the development of unexploited assets and the implementation of structural reforms. One of the main ambitions of Vision 2030 is to transform Saudi Arabia into a global investment powerhouse. The Kingdom holds strong investment capabilities, which will be harnessed to stimulate the economy and diversify revenues. The investment activities being undertaken by PIF sit at the heart of this goal, acting as an essential vehicle for diversifying government resources and stimulating economic growth.


  • Increase household spending on cultural and entertainment activities in Saudi Arabia from 2.9% to 6%
  • Succeed in having 3 Saudi cities recognized as among the world’s top-100


  • Increase Saudi Arabia’s non-oil government revenue from SAR 163 billion to SAR 1 trillion
  • Increase Saudi Arabia’s position in the E-Government Survey Index from 36 to top-5
  • Increase households’ savings from 6% to 10% of total household income
  • Increase the non-profit sector’s GDP contribution from below 1% to 5%


  • Lower the rate of unemployment from 11.6% to 7%
  • Increase SME contribution to Saudi Arabia’s GDP from 20% to 35%
  • Increase female participation in the workforce from 22% to 30%
  • Increase Saudi Arabia’s position in the Global Competitiveness Index from 25 to 10
  • Increase Foreign Direct Investment in Saudi Arabia from 3.8% to 5.7% of GDP
  • Increase Saudi Arabia’s private sector contribution from 40% to 65% of GDP
  • Increase Saudi Arabia’s position from the 19th to the 5th largest economy
  • Increase the Public Investment Fund’s assets from 600 billion to 7 trillion
  • Increase the share on non-oil exports in non-oil GDP from 16% to 50%