Saudi Arabia’s Public Investment Fund’s (PIF) new five-year strategy will be released soon and will include a focus on attracting more third-party capital to work with the US$1.15 trillion sovereign wealth fund.
Yasir Al-Rumayyan, PIF’s governor, gave an insight into the wealth fund’s strategy for 2026-2030 at an investment conference in Miami on March 26.
“We are going to hopefully reveal our five-year strategy in the coming few weeks.In the previous strategy, we wanted to do most of the investments by ourselves and it’s all equity. Now, we are looking into how to invite people to come work with us,” he said.
“In the past, we tried to bring Saudi to the world. Now, we are at a stage where we want to bring the world to Saudi,” he added.
According to Yasir, the wealth fund has created the “foundation for global investors to take part in Saudi-led projects”.
“Major global asset managers, including BlackRock and Franklin Templeton, have already begun establishing funds in partnership with PIF to invest in the Saudi economy,” he said.
He said the wealth fund hopes to attract global investors in sectors including infrastructure, real estate, data centres, pharmaceuticals, and renewable energy.
He also said Saudi Arabia’s economy remains “strong, stable and resilient”, without making direct reference to the ongoing war in the Middle East.
“PIF’s portfolio is well diversified and structurally resilient. We are a long-term patient investor. We measure returns not in quarters, but in decades,” he said. “We remain committed to its investments around the world.”
