Launched in 2017, the Program is dedicated to maximizing the impact of the Public Investment Fund, the engine that drives the diversification of Saudi Arabia’s economy.

By leading the charge in building economic transformation, the Program is fostering positive, sustainable change in Saudi Arabia – consequently, the Kingdom is now the investment partner of choice for global opportunities.

Through bold, broad, and wise investments, the Program is blazing the trail for a prosperous future. As of July 2022, the PIF has reached $700bn in assets under management, created 500,000 direct and indirect jobs, and established 79 companies, such as the Saudi Coffee Company. The Company, formed in May 2022, is a testament to the Program’s support of the local private sector and celebration of Saudi heritage.

Five giga-projects under the Program are redefining the Kingdom’s future and pioneering a new way of sustainable living for the world. These include: NEOM, boasting the world's smartest technology and unparalleled support for entrepreneurship; ROSHN, promoting modern societies and lifestyles, the captivating Red Sea project, introducing a new era of tourism in the Kingdom and beyond; Qiddiya, the hub of entertainment, sports, and the arts in the Kingdom; and Diriyah, a one-of-a-kind project showcasing rich cultural heritage and tourist attractions.

At home and abroad, the PIF continues to shape and deliver an exciting future that elevates the Kingdom and positively impacts the world.

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz

Chairman of the Program, Crown Prince, Prime Minister, & Chairman of the Council of Economics and Development Affairs

PIF is evolving into a primary driver of Saudi economic growth. We have doubled its scope and we will continue with steady steps towards realizing its Vision 2030 objectives.