PIF Plans New 2030-2040 Strategy for Growth, Projects, and Global Investments

BY THE ARAB TODAY Sep 10, 2025

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PIF Plans New 2030-2040 Strategy for Growth, Projects, and Global Investments

Saudi Arabia’s $1 trillion Public Investment Fund (PIF) is preparing a new long-term strategy to boost profits, grow the local economy, and help the country reduce its reliance on oil.

Strategy update

PIF Governor Yasir Al-Rumayyan told Bloomberg that the new plan will be announced within the next two months. It will build on the current Vision 2030 strategy and extend it through 2040 and beyond.

He did not share exact details but stressed that local investments remain a top priority. These include developing new industries, creating jobs, and increasing the use of goods made inside Saudi Arabia.

“We want to grow our local content, and one of the best ways is by bringing foreign investment into the country,” Al-Rumayyan said.

Current focus

The PIF’s strategy now includes:

Growing global assets
Developing mega-projects like Neom
Supporting private sector growth
Selling stakes or listing companies to raise funds

Right now, about 80% of PIF’s money is invested in Saudi Arabia, while the rest is abroad. The IMF recently predicted the fund will keep investing at least $40 billion each year inside the kingdom.

As the main driver of Crown Prince Mohammed bin Salman’s Vision 2030, PIF faces pressure from lower oil prices and budget gaps. This means it must balance local spending with smart international deals that benefit Saudi growth.

The fund also works closely with big global firms like Blackstone and BlackRock to ensure investments bring value back to the kingdom.

Al-Rumayyan, who is also chairman of Saudi Aramco, said the company is producing less than 10 million barrels per day but could raise output by 20% quickly if needed.

Funding and expansion

The PIF is raising money from different sources, including selling international bonds. In 2024, its assets reached $913 billion, with a goal of hitting $2.7 trillion by 2030. The fund’s returns have averaged 7.2% since 2015, compared to less than 2% earlier.

Last year, the PIF grew its global portfolio, formed partnerships in key markets, and raised $16.8 billion through public and private debt.