Prime Highlights

• Saudi PIF will prioritize advanced manufacturing and innovation under its 2026–2030 strategy.
• The fund targets expansion in AI, electric vehicles, pharmaceuticals, and renewable energy infrastructure.

Key Facts

• Public Investment Fund is Saudi Arabia’s sovereign wealth fund and a central driver of the Kingdom’s economic diversification plans.
• PIF deployed about SAR750 billion into domestic projects between 2021 and 2025.

Background

Saudi Arabia’s Public Investment Fund has identified advanced manufacturing and innovation as a core investment priority under its 2026–2030 strategy, as the sovereign wealth fund pushes to diversify the Kingdom’s economy and build new export-driven industries.

PIF Governor Yasir Al-Rumayyan said the strategy will focus on developing integrated industrial clusters in sectors including artificial intelligence, automotive, pharmaceuticals, aviation, space, and defence. The initiative aims to expand Saudi Arabia’s manufacturing base, create export-ready products, improve productivity, and generate skilled jobs.

Under the strategy, PIF plans to support the expansion of data-center capacity to 3,000 megawatts, with the fund committing 1,800 megawatts. It also targets contributing up to SAR7 billion to domestic pharmaceutical manufacturing and producing 285,000 vehicles as part of Saudi Arabia’s broader goal of reaching 500,000 vehicle units annually by 2030.

The fund named several portfolio companies supporting this push, including HUMAIN in artificial intelligence, CEER in electric vehicles, Nupco in pharmaceuticals, and SAMI in defence manufacturing.

PIF identified industrials and logistics as its second strategic area, which it intends to develop through better logistics systems, increased mining production and improved Saudi Arabian logistics systems. The main assets of this sector comprise Ma’aden, Saudi Iron and Steel and Bahri.

In clean energy, the fund aims to help lift renewable energy generation capacity to 100 gigawatts nationally, with PIF directly targeting 44.5 gigawatts.

The sovereign fund said it deployed around SAR750 billion in domestic projects between 2021 and 2025, representing roughly 70 percent of total investments during the period.