Public Investment Fund

The Public Investment Fund (PIF) is Saudi Arabia’s sovereign wealth fund, designed to support the country’s economic development and diversification away from oil dependency. It manages a large pool of money invested internationally and domestically in various assets such as companies, real estate, and infrastructure. The fund aims to generate steady returns, create jobs, and develop sectors like technology, renewable energy, and tourism. By doing so, the PIF helps modernize the Saudi economy, attract foreign investments, and position the country for long-term growth.