Public Investment Fund (PIF) Saudi Arabia
The Public Investment Fund (PIF) in Saudi Arabia is a leading global investor committed to sustainable investments driving Saudi Arabia’s economic transformation. PIF investments accelerate innovation, reinvent industries, create jobs, and contribute to the growth of Saudi Arabia’s economy. The Public Investment Fund aims to unlock new sectors through high-quality domestic, regional, and international investments developed by PIF in Saudi Arabia across various industries that are instrumental in Saudi Arabia’s strategic and sustainable diversification, aligning with Vision 2030.
The Public Investment Fund strategy is a long-term plan and framework designed to enhance the Public Investment Fund (PIF)’s role in bolstering the gross domestic product (GDP) and developing the national economy of the Kingdom of Saudi Arabia.
PIF incentivises Saudi Arabia’s private sector by encouraging foreign investors to invest in new and promising industries that can create job opportunities, develop capabilities and allow the local economy to compete at regional and international levels.
PIF Investments Are Powering New Business Opportunities in Saudi Arabia
Saudi Arabia’s PIF has achieved extraordinary growth, increasing its assets under management to a staggering $1.15 trillion in 2024, far exceeding its 2024 target of $880 billion. The PIF’s growth has targeted sectors critical to Saudi Arabia’s long-term prosperity. Through its strategic expansion, PIF is unlocking new business opportunities for foreign investors in the following sectors:
Tourism and Entertainment
Major investments in futuristic Giga projects, such as NEOM, Red Sea Global, and Qiddiya, position Saudi Arabia as a global tourism hub, creating new business opportunities in these areas.
- NEOM boasts the world’s most innovative technology and unparalleled support for entrepreneurship.
- ROSHN promotes modern societies and lifestyles,
- The Red Sea project introduces a new era of tourism.
- Qiddiya is a hub of entertainment, sports and arts in the Kingdom.
- Diriyah is a one-of-a-kind project that showcases rich cultural heritage and tourist attractions.
Renewable energy
Saudi Arabia’s energy transition is driven by pioneering ventures in solar power and green hydrogen, aligning with global sustainability goals.
Technology and innovation
New business opportunities are created by PIF investments in artificial intelligence, fintech, and biotechnology sectors.
Infrastructure development
Foreign investors have found promising opportunities in infrastructure development, particularly in world-class logistics, urban mobility projects, and transport infrastructure, which support business and population growth. Many business opportunities have been opened up in these sectors.
PIF impact on business growth
PIFs role in strengthening Saudi Arabia’s non-oil economy has been crucial. It is reported that non-oil sectors will account for 51 per cent of Saudi Arabia’s real Gross Domestic Product by 2024, marking a key milestone in achieving Vision 2030 goals.
PIF is propelling the expansion of new industries, businesses, and employment. The fund is a globally influential investor with a top-tier investment portfolio that prioritises sustainable investments. PIF has created over 1.1 million direct and indirect jobs domestically and globally. 103 PIF portfolio companies have been made in 13 strategic sectors.
PIF investments in key sectors
The Saudi Arabian Public Investment Fund (PIF) has invested in several key sectors to support the nation’s Vision 2030 goals and diversify the economy beyond oil. These include aerospace and defence, automotive, construction and building components, entertainment, leisure and sports, financial services, food and agriculture, and healthcare. The PIF invests in real estate, utilities, renewable energy, telecommunications, media, and technology.
The PIF also plays a vital role in supporting the private sector through initiatives such as the Private Sector Hub, which connects entrepreneurs and investors with investment opportunities.
How can the Helpline Group in Saudi Arabia help?
Helpline Group, backed by a strong and experienced team, has over 25 years of expertise in company formation in Saudi Arabia, offering a seamless, hassle-free experience for clients, including foreigners.
We will guide you through the business opportunities created by PIF’s Investments in Saudi Arabia.
With a global presence and a tailored approach, we ensure that your business setup is handled with precision and professionalism, making us your reliable ally in achieving success.
