PIF Domestic Investment Tops SAR 750B, AUM Misses Target

The Public Investment Fund said its cumulative domestic investment in new local projects exceeded SAR 750 billion between 2021 and 2025.

In its annual report, PIF said its contribution to Saudi Arabia's non-oil GDP reached SAR 1.286 trillion over the same period, accounting for 11% of non-oil GDP in 2025. Spending by the fund and its portfolio companies with the local private sector surpassed SAR 590 billion.

The fund's assets under management stood at SAR 3.40 trillion at the end of 2025, below the SAR 4 trillion target. PIF said the miss reflected market conditions and asset valuation changes, including the impact of U.S. tariffs on domestic and international holdings. The timing of certain transactions also weighed on the total.

New domestic investments in 2025 reached SAR 171.1 billion, beating the annual minimum of SAR 150 billion. PIF said it achieved or exceeded its other strategic targets for the year.