Public Investment Fund (PIF), Saudi Arabia's $925 billion sovereign wealth fund, plans to announce a new five-year strategy this week, Reuters said quoting two people with direct knowledge of the matter.
The move will be the biggest reset yet of Crown Prince Mohammed bin Salman's economic transformation plan, Reuters noted.
The fund soft-launched its new 2026-2030 strategy with key investors and strategic partners on Monday on the sidelines of a conference in Riyadh, the two people and another familiar with the matter told Reuters.
The new blueprint will emphasise sectors including industry, minerals, artificial intelligence and tourism, while scaling back and in some cases reconfiguring expensive mega projects such as The Line, the sources said.
