Saudi Public Investment Fund
The Public Investment Fund is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of $620 billion. It was created in 1971 for the purpose of investing funds on behalf of the government of Saudi Arabia.
As a leading catalyst for Vision 2030, Saudi Arabia’s economic transformation program, PIF’s ambitious strategy is driving achievements to do what few worldwide funds have done. PIF is the engine driving the transformation of Saudi Arabia’s economy for positive and sustainable change. They are passionate about their mission of leading local economic development, localising cutting-edge technology and knowledge, expanding the portfolio of international assets, investing in global sectors and markets by building strategic partnerships, and launching initiatives to help make Vision 2030 a reality. NEOM is just one of those initiatives.