2023/10/25
PIF Saudi Public Investment Fund: 4 trillion SAR ($1.2 trillion) for investments within Saudi Arabia and 1.8 million jobs.
PIF has managed to raise the value of assets under management to about 2.63 trillion Saudi Riyals ($735 billion), of which 2.37 trillion Saudi Riyals ($735 billion) are investments within Saudi Arabia.
PIF owns a number of major projects, among the most prominent are:
- NEOM Project: A futuristic city project located in the northwest of the Kingdom of Saudi Arabia, aiming to build a new model for living, working, and economic growth. The total area of the project is 26,500 square kilometers.
- The RedSea Project: A luxurious global tourist destination located on the Red Sea coast of the Kingdom of Saudi Arabia. The total area of the project is 34,000 square kilometers.
- Qiddiya Project: An entertainment and cultural city located 40 kilometers from Riyadh. The total area of the project is 334 square kilometers.
- Diriyah Gate Project: A project to develop and revive the historical district in Diriyah, the capital of the first Saudi state. The total area of the project is 15 square kilometers.
- NewSquare Development: A project to develop the downtown area of Riyadh. The total area of the project is 16 square kilometers.
- RiyadhAir: A project for a new national airline company. The total area of the project is 100,000 square meters.