Public Investment Fund (Saudi Arabia)

The Public Investment Fund (PIF) of Saudi Arabia is the nation’s sovereign wealth fund, responsible for managing and investing the country's public assets to support economic diversification and growth. It invests in global industries like technology, energy, and entertainment to reduce Saudi Arabia’s dependence on oil revenue. The PIF plays a key role in Vision 2030, Saudi Arabia’s plan to develop a more varied and sustainable economy. It operates as a strategic tool to attract investments, create jobs, and develop sectors that will drive the country's long-term prosperity.