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Public Investment Fund

Updated: Wikipedia source

Public Investment Fund

The Public Investment Fund (PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$941 billion. It was created in 1971 for the purpose of investing funds on behalf of the government of Saudi Arabia. The wealth fund has Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015, as its chairman. More than 60% of the fund's activities are within Saudi Arabia. Within Saudi Arabia, the fund's investments primarily go to private conglomerates owned by prominent Saudi business families who have close ties to the Saudi ruling family. Outside Saudi Arabia the fund's investments into prominent foreign assets such as Premier League football club Newcastle United have generated controversy due to the fund's lack of transparency and close control by the Saudi government, which has itself faced significant criticism around the lack of human rights in the country.

Infobox

Native name
صندوق الإستثمارات العامة
Founded
17 August 1971; 54 years ago (1971-08-17)
Founder
Faisal bin Abdulaziz
Headquarters
Public Investment Fund Tower, Riyadh, Saudi Arabia
Key people
mw- Mohammed bin Salman, ChairmanYasir Al-Rumayyan, Governor
AUM
US$925 billion (May 2025)
Owner
Government of Saudi Arabia
Website
pif.gov.sa

Tables

· List of investments › Giga-projects
Neom
Neom
Investment
Neom
Sector
Real estate
Website
www.neom.com/en-us
Red Sea Global
Red Sea Global
Investment
Red Sea Global
Sector
www.redseaglobal.com/en/
Qiddiya
Qiddiya
Investment
Qiddiya
Sector
qiddiya.com
Roshn
Roshn
Investment
Roshn
Sector
www.roshn.sa/en
Diriyah Company
Diriyah Company
Investment
Diriyah Company
Sector
diriyahcompany.sa
Investment
Sector
Website
Neom
Real estate
www.neom.com/en-us
Red Sea Global
www.redseaglobal.com/en/
Qiddiya
qiddiya.com
Roshn
www.roshn.sa/en
Diriyah Company
diriyahcompany.sa
· List of investments › International
Arab Bank (Switzerland)
Arab Bank (Switzerland)
Investment
Arab Bank (Switzerland)
Website
www.arabbank.com
Accor
Accor
Investment
Accor
Website
www.accorinvest.com
Heathrow Airport Holdings
Heathrow Airport Holdings
Investment
Heathrow Airport Holdings
Website
www.heathrow.com
Jio Platforms
Jio Platforms
Investment
Jio Platforms
Website
www.jio.com
Newcastle United Football Club
Newcastle United Football Club
Investment
Newcastle United Football Club
Website
www.nufc.co.uk
Lucid Motors
Lucid Motors
Investment
Lucid Motors
Website
lucidmotors.com
Magic Leap
Magic Leap
Investment
Magic Leap
Website
www.magicleap.com/en-us/
SoftBank Group
SoftBank Group
Investment
SoftBank Group
Website
group.softbank/en
Uber
Uber
Investment
Uber
Website
www.uber.com
Blackstone
Blackstone
Investment
Blackstone
Website
www.blackstone.com
Russian Direct Investment Fund
Russian Direct Investment Fund
Investment
Russian Direct Investment Fund
Website
www.rdif.ru/Eng_Index/
Reliance Retail
Reliance Retail
Investment
Reliance Retail
Website
relianceretail.com
Investment program in Brazil
Investment program in Brazil
Investment
Investment program in Brazil
French Private Equity Investment
French Private Equity Investment
Investment
French Private Equity Investment
Investment
Website
Arab Bank (Switzerland)
www.arabbank.com
Accor
www.accorinvest.com
Heathrow Airport Holdings
www.heathrow.com
Jio Platforms
www.jio.com
Newcastle United Football Club
www.nufc.co.uk
Lucid Motors
lucidmotors.com
Magic Leap
www.magicleap.com/en-us/
SoftBank Group
group.softbank/en
Uber
www.uber.com
Blackstone
www.blackstone.com
Russian Direct Investment Fund
www.rdif.ru/Eng_Index/
Reliance Retail
relianceretail.com
Investment program in Brazil
French Private Equity Investment
· List of investments › Middle East and North Africa
Alat
Alat
Investment
Alat
Sector
Construction and BuildingComponents and Services
Website
alat.com/en/
Dan Company
Dan Company
Investment
Dan Company
Sector
Real estate
Website
dancompany.sa/en
Ceer Motors
Ceer Motors
Investment
Ceer Motors
Sector
Automotive
Website
ceermotors.com
Sawani
Sawani
Investment
Sawani
Sector
Consumer GoodsRetail
Website
sawani.com/en
Dur Hospitality Company
Dur Hospitality Company
Investment
Dur Hospitality Company
Sector
EntertainmentLeisure and Sports
Website
www.dur.sa/en
Saudi Real Estate Company
Saudi Real Estate Company
Investment
Saudi Real Estate Company
Sector
Real estate
Website
www.al-akaria.com
GDC
GDC
Investment
GDC
Sector
Aerospace and Defence
Website
www.gdcme.com
Electric Vehicle Infrastructure Company (EVIQ)
Electric Vehicle Infrastructure Company (EVIQ)
Investment
Electric Vehicle Infrastructure Company (EVIQ)
Sector
Automotive
Website
www.eviq.sa/en/
Gulf Lab Electric Equipment Testing Company
Gulf Lab Electric Equipment Testing Company
Investment
Gulf Lab Electric Equipment Testing Company
Sector
Utilities and Renewables
Website
gcclab.com.sa
JASARA Program Management Company
JASARA Program Management Company
Investment
JASARA Program Management Company
Sector
Construction and BuildingComponents and Services
Website
jasarapmc.com
Ma'aden
Ma'aden
Investment
Ma'aden
Sector
Metals and Mining
Website
www.maaden.com.sa
Marafiq
Marafiq
Investment
Marafiq
Sector
Utilities and Renewables
Website
www.marafiq.com.sa
Qassim Cement Company
Qassim Cement Company
Investment
Qassim Cement Company
Sector
Construction and BuildingComponents and Services
Website
www.qcc.com.sa
Riyad Bank
Riyad Bank
Investment
Riyad Bank
Sector
Financial services
Website
www.riyadbank.com
SAPTCO
SAPTCO
Investment
SAPTCO
Sector
Transport and Logistics
Website
saptco.com.sa
Arcelormittal Tubular Products Al-Jubail Co.
Arcelormittal Tubular Products Al-Jubail Co.
Investment
Arcelormittal Tubular Products Al-Jubail Co.
Sector
Metals and Mining
Website
jubail.arcelormittal.com
Arabian Industrial Fibers Company (Ibn Rushd)
Arabian Industrial Fibers Company (Ibn Rushd)
Investment
Arabian Industrial Fibers Company (Ibn Rushd)
Sector
Diversified
Website
saic.com.sa
Dussur
Dussur
Investment
Dussur
Sector
Diversified
Website
dussur.com
Saudi Electricity Company
Saudi Electricity Company
Investment
Saudi Electricity Company
Sector
Utilities and Renewables
Website
www.se.com.sa
STC
STC
Investment
STC
Sector
TelecomMedia and Technology
Website
www.stc.com.sa
Tadawul Real Estate Company
Tadawul Real Estate Company
Investment
Tadawul Real Estate Company
Sector
Local Investments
Website
www.saudiexchange.sa
Taiba Investments Company
Taiba Investments Company
Investment
Taiba Investments Company
Sector
Real estate
Website
www.taiba.com.sa
ACWA Power
ACWA Power
Investment
ACWA Power
Sector
Utilities and Renewables
Website
www.acwapower.com/en/
Alinma Bank
Alinma Bank
Investment
Alinma Bank
Sector
Financial services
Website
www.alinma.com/en/
Bahri
Bahri
Investment
Bahri
Sector
Transport and Logistics
Website
www.bahri.sa
Eastern Province Cement
Eastern Province Cement
Investment
Eastern Province Cement
Sector
Construction and BuildingComponents and Services
Website
www.epcco.com.sa
Saudi Ceramics
Saudi Ceramics
Investment
Saudi Ceramics
Sector
www.saudiceramics.com/en/
Southern Province Cement
Southern Province Cement
Investment
Southern Province Cement
Sector
spcc.sa
Taqa
Taqa
Investment
Taqa
Sector
Petroleum Industry and Renewables
Website
www.tq.com
Noon
Noon
Investment
Noon
Sector
Consumer GoodsRetail
Website
www.noon.com
Bidaya Home Finance Company
Bidaya Home Finance Company
Investment
Bidaya Home Finance Company
Sector
Financial services
Website
www.bidaya.com.sa/en/
Saudi Global Ports Company (Singapore)
Saudi Global Ports Company (Singapore)
Investment
Saudi Global Ports Company (Singapore)
Sector
Transport and Logistics
Website
www.saudiglobalports.com.sa
Sela
Sela
Investment
Sela
Sector
EntertainmentLeisure and Sports
Website
sela.sa
Umm Al Qura Construction & Development Company
Umm Al Qura Construction & Development Company
Investment
Umm Al Qura Construction & Development Company
Sector
Real estate
Website
www.ummalqura.com.sa/en
Yanbu Cement
Yanbu Cement
Investment
Yanbu Cement
Sector
Construction and BuildingComponents and Services
Website
yanbucement.com/en/
Gulf International Bank
Gulf International Bank
Investment
Gulf International Bank
Sector
Financial services
Website
www.gib.com/ksa/en
Saudi Real Estate Refinancing Company
Saudi Real Estate Refinancing Company
Investment
Saudi Real Estate Refinancing Company
Sector
srco.com.sa/en
The Saudi Jordanian Investment Fund
The Saudi Jordanian Investment Fund
Investment
The Saudi Jordanian Investment Fund
Sector
Diversified
Website
sjifund.com
ASMA Capital
ASMA Capital
Investment
ASMA Capital
Sector
MENA Investments
Website
asmacapital.com
Americana Group
Americana Group
Investment
Americana Group
Sector
Consumer GoodsRetail
Website
www.americanarestaurants.com
The Saudi National Bank
The Saudi National Bank
Investment
The Saudi National Bank
Sector
Financial services
Website
www.alahli.com
Saudi Company for Artificial Intelligence
Saudi Company for Artificial Intelligence
Investment
Saudi Company for Artificial Intelligence
Sector
TelecomMedia and Technology
Website
www.scai.sa
Boutique Group
Boutique Group
Investment
Boutique Group
Sector
Real estate
Website
boutiquegroup.com
The Rig
The Rig
Investment
The Rig
Sector
Real estate
Website
therig.sa
Saudi Downtown Company
Saudi Downtown Company
Investment
Saudi Downtown Company
Sector
saudidowntown.com.sa/en-US
Saudi Facilities Management Company
Saudi Facilities Management Company
Investment
Saudi Facilities Management Company
Sector
www.saudi-marafiq.com
TASARU Mobility Investments
TASARU Mobility Investments
Investment
TASARU Mobility Investments
Sector
www.tasaru.com
Soudah Development Company
Soudah Development Company
Investment
Soudah Development Company
Sector
soudah.sa/en
Amaala
Amaala
Investment
Amaala
Sector
www.amaala.com/en/
Elm Company
Elm Company
Investment
Elm Company
Sector
TelecomMedia and Technology
Website
www.elm.sa
Jada
Jada
Investment
Jada
Sector
Financial services
Website
jada.com.sa/en
KAFD
KAFD
Investment
KAFD
Sector
Real estate
Website
www.kafd.sa
National Water Company
National Water Company
Investment
National Water Company
Sector
Utilities and Renewables
Website
www.nwc.com.sa
Nupco
Nupco
Investment
Nupco
Sector
Healthcare
Website
www.nupco.com
Rua Al Madinah Holding Company
Rua Al Madinah Holding Company
Investment
Rua Al Madinah Holding Company
Sector
Real estate
Website
ruaalmadinah.com
National Security Services Company
National Security Services Company
Investment
National Security Services Company
Sector
Diversified
Website
safesecurity.sa
Salic
Salic
Investment
Salic
Sector
Consumer GoodsRetail
Website
salic.com
Saudi Arabian Military Industries
Saudi Arabian Military Industries
Investment
Saudi Arabian Military Industries
Sector
Aerospace and Defence
Website
www.sami.com.sa
Sanabil Investments
Sanabil Investments
Investment
Sanabil Investments
Sector
Financial services
Website
www.sanabil.com/en/
Saudi Railway Company
Saudi Railway Company
Investment
Saudi Railway Company
Sector
Real estate
Website
www.sar.com.sa
Saudi Tadawul Group
Saudi Tadawul Group
Investment
Saudi Tadawul Group
Sector
Financial services
Website
www.tadawulgroup.sa
SIRC
SIRC
Investment
SIRC
Sector
Utilities and Renewables
Website
sirc.sa
Saudi Information Technology Company (SITE)
Saudi Information Technology Company (SITE)
Investment
Saudi Information Technology Company (SITE)
Sector
TelecomMedia and Technology
Website
site.sa/en
Tahakom Investments Company
Tahakom Investments Company
Investment
Tahakom Investments Company
Sector
Financial services
Website
www.ticom.sa/en/
TAQNIA
TAQNIA
Investment
TAQNIA
Sector
TelecomMedia and Technology
Website
taqnia.com
Tarshid
Tarshid
Investment
Tarshid
Sector
Utilities and Renewables
Website
www.tarshid.com.sa
The Helicopter Company
The Helicopter Company
Investment
The Helicopter Company
Sector
Aerospace and Defence
Website
www.helicopter.com.sa
Water and Electricity Holding Company (WEHC)
Water and Electricity Holding Company (WEHC)
Investment
Water and Electricity Holding Company (WEHC)
Sector
Utilities and Renewables
Arab Bank (Amman)
Arab Bank (Amman)
Investment
Arab Bank (Amman)
Sector
Financial Services
Website
www.arabbank.com
Cruise Saudi
Cruise Saudi
Investment
Cruise Saudi
Sector
EntertainmentLeisure and Sports
Website
www.cruisesaudi.com
Saudi Entertainment Ventures (Seven)
Saudi Entertainment Ventures (Seven)
Investment
Saudi Entertainment Ventures (Seven)
Sector
seven.sa
Jeddah Central Development Company
Jeddah Central Development Company
Investment
Jeddah Central Development Company
Sector
Real estate
Website
www.jeddahcentral.com
Saudi Coffee Company
Saudi Coffee Company
Investment
Saudi Coffee Company
Sector
Consumer GoodsRetail
Website
www.saudicoffee.com
Riyadh Air
Riyadh Air
Investment
Riyadh Air
Sector
Airline
Website
www.riyadhair.com/en/
D360 Bank
D360 Bank
Investment
D360 Bank
Sector
Financial services
Website
d360.com/en
Savvy Games Group
Savvy Games Group
Investment
Savvy Games Group
Sector
EntertainmentEsports
Website
savvygames.com
Halal Products Development Company
Halal Products Development Company
Investment
Halal Products Development Company
Sector
Food and Agriculture
Website
hpdc.sa
Badael Company
Badael Company
Investment
Badael Company
Sector
Healthcare
Website
www.badaelcompany.com/en
Al-Ula Development Company
Al-Ula Development Company
Investment
Al-Ula Development Company
Sector
Real estate
Website
udc.sa
Center for Governance
Center for Governance
Investment
Center for Governance
Sector
Diversified
Website
cfg.sa
Al Balad Development Company
Al Balad Development Company
Investment
Al Balad Development Company
Sector
Hospitality
Website
balad.com.sa
New Murabba
New Murabba
Investment
New Murabba
Sector
Real estate
Website
newmurabba.com/en/
Ardara
Ardara
Investment
Ardara
Sector
ardara.sa
Avilease
Avilease
Investment
Avilease
Sector
Aircraft Leasing
Website
avilease.com
QSAS
QSAS
Investment
QSAS
Sector
Entertainment
Website
qsas.sa/en
SARRC
SARRC
Investment
SARRC
Sector
Real Estate
Website
sarcc.sa
Investment
Sector
Website
Alat
Construction and BuildingComponents and Services
alat.com/en/
Dan Company
Real estate
dancompany.sa/en
Ceer Motors
Automotive
ceermotors.com
Sawani
Consumer GoodsRetail
sawani.com/en
Dur Hospitality Company
EntertainmentLeisure and Sports
www.dur.sa/en
Saudi Real Estate Company
Real estate
www.al-akaria.com
GDC
Aerospace and Defence
www.gdcme.com
Electric Vehicle Infrastructure Company (EVIQ)
Automotive
www.eviq.sa/en/
Gulf Lab Electric Equipment Testing Company
Utilities and Renewables
gcclab.com.sa
JASARA Program Management Company
Construction and BuildingComponents and Services
jasarapmc.com
Ma'aden
Metals and Mining
www.maaden.com.sa
Marafiq
Utilities and Renewables
www.marafiq.com.sa
Qassim Cement Company
Construction and BuildingComponents and Services
www.qcc.com.sa
Riyad Bank
Financial services
www.riyadbank.com
SAPTCO
Transport and Logistics
saptco.com.sa
Arcelormittal Tubular Products Al-Jubail Co.
Metals and Mining
jubail.arcelormittal.com
Arabian Industrial Fibers Company (Ibn Rushd)
Diversified
saic.com.sa
Dussur
Diversified
dussur.com
Saudi Electricity Company
Utilities and Renewables
www.se.com.sa
STC
TelecomMedia and Technology
www.stc.com.sa
Tadawul Real Estate Company
Local Investments
www.saudiexchange.sa
Taiba Investments Company
Real estate
www.taiba.com.sa
ACWA Power
Utilities and Renewables
www.acwapower.com/en/
Alinma Bank
Financial services
www.alinma.com/en/
Bahri
Transport and Logistics
www.bahri.sa
Eastern Province Cement
Construction and BuildingComponents and Services
www.epcco.com.sa
Saudi Ceramics
www.saudiceramics.com/en/
Southern Province Cement
spcc.sa
Taqa
Petroleum Industry and Renewables
www.tq.com
Noon
Consumer GoodsRetail
www.noon.com
Bidaya Home Finance Company
Financial services
www.bidaya.com.sa/en/
Saudi Global Ports Company (Singapore)
Transport and Logistics
www.saudiglobalports.com.sa
Sela
EntertainmentLeisure and Sports
sela.sa
Umm Al Qura Construction & Development Company
Real estate
www.ummalqura.com.sa/en
Yanbu Cement
Construction and BuildingComponents and Services
yanbucement.com/en/
Gulf International Bank
Financial services
www.gib.com/ksa/en
Saudi Real Estate Refinancing Company
srco.com.sa/en
The Saudi Jordanian Investment Fund
Diversified
sjifund.com
ASMA Capital
MENA Investments
asmacapital.com
Americana Group
Consumer GoodsRetail
www.americanarestaurants.com
The Saudi National Bank
Financial services
www.alahli.com
Saudi Company for Artificial Intelligence
TelecomMedia and Technology
www.scai.sa
Boutique Group
Real estate
boutiquegroup.com
The Rig
Real estate
therig.sa
Saudi Downtown Company
saudidowntown.com.sa/en-US
Saudi Facilities Management Company
www.saudi-marafiq.com
TASARU Mobility Investments
www.tasaru.com
Soudah Development Company
soudah.sa/en
Amaala
www.amaala.com/en/

References

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    https://www.swfinstitute.org/fund-rankings/sovereign-wealth-fund
  2. swfinstitute.org
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  4. The New York Times
    https://www.nytimes.com/2022/04/10/us/jared-kushner-saudi-investment-fund.html
  5. Review of International Political Economy
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  6. New Political Economy
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  15. Al Arabiya
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  16. The Wall Street Journal
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  22. His Royal Highness the Crown Prince Announces the Launch of ‘The Red Sea’ project as an international tourist destinatio
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