PIF Launches Five-Year Strategy Including Vision Realization Program 2021-2025 as Fund Triples Assets Under Management to Nearly USD400 Billion - Seite 2

PIF will focus on 13 sectors as part of its core domestic strategy: Healthcare; Utilities & Renewables; Telecoms, Media & and Technology; Food and Agriculture; Automotive; Transport & Logistics; Real Estate; Aerospace & Defense; Construction & Building Components and Services; Entertainment, Leisure & Sports; Financial Services; Metals & Mining; and Consumer Goods & Retail.

His Excellency Yasir Al-Rumayyan, Governor of PIF, said; "Over the last four years, PIF has demonstrated its important role in contributing to the Kingdom's economy, in line with the ambitions of Vision 2030. Up to the end of 2020, we tripled assets under management to nearly USD400 billion, create 10 new sectors and generate 331,000 direct and indirect jobs.

"And as part of our strategy, we will continue to drive the economic transformation of Saudi Arabia and enable the private sector. We also partner with innovative, transformative and disruptive companies around the world to consistently serve as an important catalyst for the development of the industries and opportunities of the future. Core to our strategy is our focus on funding new human futures by improving quality of life, driving environmental and economic sustainability, and developing new sectors and jobs."

A key element of PIF's success has been the strategic economic partnerships the Fund has developed with many of the world's leading investors and businesses. The VRP 2021-2025 will enhance these partnerships, providing investors with access to untapped investment opportunities, creating synergies and value for the global community. PIF will also continue to harness partnerships to drive knowledge transfer and localization – bringing direct benefits to the Saudi economy and people.

Notes to Editors

For more information: www.pif.gov.sa

About the Public Investment Fund (PIF)

The Public Investment Fund is one of the largest and most impactful sovereign wealth funds in the world, driving the economic transformation of Saudi Arabia for the benefit of its people while helping shape the future global economy. PIF is building a world-class portfolio through investments in attractive, long-term opportunities across diverse industries and asset classes internationally, while unlocking new sectors at home. PIF works alongside global strategic partners and renowned investment managers, and acts as the Kingdom of Saudi Arabia's primary investment arm aiming toward generating long-term value for the Kingdom of Saudi Arabia in line with Vision 2030. More information can be found at www.pif.gov.sa