The Public Investment Fund

The Public Investment Fund is a Saudi fund established in 1971 CE, corresponding to 1391 AH, under Royal Decree No. (M/24), and it began its work as an entity affiliated with the Ministry of Finance. In 1436 AH, corresponding to 2015 CE, it was linked to the Council of Economic and Development Affairs by Council of Ministers Resolution No. (270). [1]

The Fund's board of directors is chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, the Crown Prince and Prime Minister, and His Excellency Mr. Yasir bin Othman Al-Rumayyan serves as Governor. [2] The assets it manages exceed SAR 3.4 trillion, and its contribution to the Kingdom's non-oil gross domestic product reached 11% in 2025. [3]

The Public Investment Fund was established in 1971 CE, corresponding to 1391 AH, under Royal Decree No. (M/24), and since its founding it has operated as an entity affiliated with the Ministry of Finance. [1]

The year 1436 AH, corresponding to 2015 CE, marked a shift in the Fund's course, with the issue of Council of Ministers Resolution No. (270), which linked it to the Council of Economic and Development Affairs. [1]

In the same context, the board of directors was reconstituted to be chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, the Crown Prince and Prime Minister, and Chairman of the Council of Economic and Development Affairs. [1]

The Fund launched its program for the period (2018–2020) in 2017, and the same year saw the launch of the Future Investment Initiative. [1]

In 2019 the Public Investment Fund Law was issued, and the Fund's strategy for the period (2021–2025) was then launched in 2021. [1] The decisions of the (2026–2030) strategy rest on seven strategic objectives. [4]

The assets managed by the Fund have exceeded SAR 3.4 trillion, and its contribution to the Kingdom's non-oil gross domestic product reached 11% in 2025. [3]

Its cumulative contribution to non-oil gross domestic product during the years (2021–2025) exceeded USD 342 billion, while its cumulative investments in domestic projects since 2021 reached SAR 750 billion. [3]

The Fund's investments are distributed across three investment portfolios, each with a specific objective and all serving the Fund's mission: the Vision Portfolio, the Strategic Portfolio, and the Financial Portfolio. [3]

These portfolios form part of the economic transformation drive led by Saudi Vision 2030 and its targets.

The Fund's NEOM project extends over an area of 26,500 square kilometers and operates entirely on renewable energy. [5]

Other giga-projects include Qiddiya, launched in 2018, and the Red Sea Global company, launched the same year, whose destination extends over an area of more than 28,000 square kilometers with a target of welcoming one million visitors by 2030, as well as Roshn Group. [5]

The Diriyah Company was launched in 2023 and encompasses an area inscribed on the UNESCO World Heritage List. [5]

Q: When was the Public Investment Fund established? A: It was established in 1971 CE, corresponding to 1391 AH, under Royal Decree No. (M/24), as an entity affiliated with the Ministry of Finance. [1]

Q: To whom is the Fund linked in its course? A: In 1436 AH, corresponding to 2015 CE, it was linked to the Council of Economic and Development Affairs under Council of Ministers Resolution No. (270); its board of directors is chaired by His Royal Highness the Crown Prince and Prime Minister, and its Governor is Yasir bin Othman Al-Rumayyan. [1][2]

Q: How large are the assets managed by the Fund? A: They exceed SAR 3.4 trillion. [3]

Q: What is the Fund's contribution to the non-oil economy? A: It reached 11% of non-oil gross domestic product in 2025, with more than USD 342 billion accumulated during the years (2021–2025). [3]

Q: What are the most prominent giga-projects of the Fund? A: NEOM; Qiddiya, launched in 2018; Red Sea Global, launched the same year; Roshn Group; and the Diriyah Company, launched in 2023. [5]