Dubai, UAE — Saudi Arabia’s Public Investment Fund (PIF) reported preliminary assets under management of $910 billion at the end of 2025, according to the latest Vision 2030 annual report. The figure represents substantial growth for the sovereign wealth fund but remains below the programme’s target of $1.09 trillion.
The report also showed that real non-oil GDP reached $892 billion against a target of $904 billion, while foreign direct investment accounted for 2.8% of GDP, below the government’s 3.4% objective.
PIF remains central to diversification strategy
The sovereign wealth fund is the main financial engine behind Vision 2030, Saudi Arabia’s plan to reduce dependence on oil revenues by developing new industries including tourism, logistics, technology, entertainment and advanced manufacturing.
Over the past decade, PIF’s assets have expanded dramatically from less than $200 billion to more than $900 billion, making it one of the world’s largest sovereign wealth funds.
Backing mega-projects
PIF is funding many of Saudi Arabia’s most ambitious projects, including the futuristic city project NEOM, the tourism developments of The Red Sea Project and AMAALA, as well as large-scale investments in infrastructure, renewable energy, sports and technology.
The fund has also supported the growth of national champions in sectors ranging from aviation and mining to electric vehicles, while pursuing international investments designed to generate long-term returns and transfer expertise into the Saudi economy.
