Title: Public Investment Fund of Saudi Arabia
Headings: Public Investment Fund of Saudi Arabia
Public Investment Fund of Saudi Arabia
What Is the Public Investment Fund of Saudi Arabia?
Key Takeaways
Understanding the Public Investment Fund of Saudi Arabia
The PIF and Other Sovereign Wealth Funds

Content: The fund complements private sector efforts with additional experience and capital resources. Key Takeaways
The ​Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. Established in 1971 by Royal Decree, the PIF has financed many key Saudi projects and companies and provided financial support to projects of strategic importance to the national economy. As of 2020, the fund holds more than $360 billion in domestic and international investments. 1
Understanding the Public Investment Fund of Saudi Arabia
The Public Investment Fund has supported numerous projects in important sectors of the Saudi Arabian economy, including petroleum refineries, petrochemical industries, pipelines and storage, transportation, energy, minerals, water desalination, and infrastructural facilities. It has also participated in the capital funding of a number of bilateral and Pan Arab corporations. 2
In 2015, Saudi leaders began to take steps toward giving more authority and to the PIF, in alignment with its Vision 2030 objectives. The fund’s current governance consists of a Board of Directors and smaller Board committees. Board roles and responsibilities include strategy and planning; governance, regulation, recruitment and compensation;