Public Investment Fund (PIF)

Saudi Arabia's Public Investment Fund (PIF) is a massive sovereign wealth fund, established in 1971 and revamped in 2015, serving as the primary engine for Saudi Arabia's economic diversification away from oil, investing globally and domestically in strategic sectors, aiming to be a global investment powerhouse driving the Kingdom's Vision 2030 goals. Chaired by Crown Prince Mohammed bin Salman, PIF manages hundreds of billions in assets, investing in major companies, and creating new domestic industries, acting as a key tool for economic transformation. As part of the global effort to combat climate change, the Kingdom of Saudi Arabia is committed to achieve its green agenda with the goal...