Saudi PIF Assets Reach $910 Billion in 2025

Saudi Arabia's Public Investment Fund (PIF), the Kingdom's sovereign wealth fund, had preliminary assets under management of $910 billion at the end of 2025, according to the latest Vision 2030 annual report.

The figure fell below the fund's target of $1.09 trillion, set under the country's long-term economic transformation programme.

The report also showed that real non-oil GDP reached $892 billion, missing the target of $904 billion. Foreign direct investment accounted for 2.8% of GDP, compared with a target of 3.4%.

As Saudi Arabia moves beyond the halfway point of Vision 2030, the PIF remains central to efforts to diversify the economy away from hydrocarbons through investments in sectors including tourism, entertainment, technology and infrastructure.

The strategy calls for hundreds of billions of dollars in government-backed investment aimed at creating new sources of economic growth and reducing dependence on oil revenues.

Despite falling short of several interim targets, the report highlighted the continued expansion of the non-oil economy and the role of the PIF in financing major projects across the Kingdom.