Riyadh – Sharikat Mubasher: Saudi Arabia’s Public Investment Fund (PIF) posted strong progress in supporting Vision 2030 objectives, expanding its assets, boosting local content, and opening new investment opportunities.

According to the Pre-Budget Statement of 2026 issued by the Saudi Ministry of Finance, PIF’s assets under management reached SAR 3.5 trillion ($933 billion) by July 2025, with an annualized return of 7.2% to shareholders since the Vision Realization Program began in 2017.

The fund has also increased local content in its portfolio companies from 47% in 2020 to 53% in 2023, with total spending on local content reaching SAR 400 billion over the same period.

In 2025, PIF hosted the third edition of the Private Sector Forum, where it signed more than 140 agreements and memorandums of understanding worth SAR 15 billion to strengthen partnerships.

PIF also launched the Contractors Financing Program in cooperation with the Saudi Insurance Authority, introducing the Kingdom’s first insurance-guaranteed bond product. The initiative aims to support contractors participating in PIF real estate projects by providing guarantees through the insurance sector. By the end of 2024, over 480 local contractors had taken part, raising their share of awarded contracts to 67%, compared with 37% in 2021.

These initiatives reflect PIF’s role in diversifying the Saudi economy, enhancing financial sustainability, and creating new horizons for private sector growth.