Jordan Daily - Saudi Arabia's Public Investment Fund (PIF) has approved a new strategy for the coming years. The plan aims to shift the fund's focus from rapid expansion to sustainable value and maximizing economic impact.
Chaired by Crown Prince Mohammed bin Salman, who also serves as Prime Minister and Chairman of the PIF, the fund's board of directors approved the strategy.
The new strategy is built upon three main portfolios. The first, the "Vision Portfolio," will concentrate on developing economic ecosystems. These include tourism, industry, renewable energy, urban development, and the NEOM project.
The "Strategic Investments Portfolio" will focus on maximizing asset returns and supporting the transformation of PIF companies into leading global entities.
Finally, the "Financial Investments Portfolio" is designed to generate sustainable returns and diversify investments globally.
