How the U.S. Grows from PIF's Pioneering Investments
A message from: PIF
Most sovereign wealth funds follow a narrow path: invest to maximize returns. PIF is different. With its unique mandate, PIF seeks to deliver sustainable financial returns while also driving Saudi Arabia's economic transformation and shaping the future of the global economy.
PIF's broader purpose underpins its rapid growth and global presence. With over $900 billion in assets under management and investments in countries in the United States and around the world, PIF has created and launched more than 100 new companies in the last seven years and has directly and indirectly created more than 1.1 million jobs domestically and globally. PIF has invested long-term capital in various sectors, from technology, aviation, and aerospace to financial services, renewables and sports, delivering lasting value in Saudi Arabia and internationally.
The United States is PIF's largest investment partner outside of Saudi Arabia. Since 2017, PIF has invested around $170 billion in the American economy. Through direct investments and the purchase of goods and services, these commitments have created more than 172,000 direct and indirect jobs.
The impact is evident across U.S. industries. In aviation, PIF-owned Riyadh Air ordered as many as 72 Boeing aircraft, contributing to the U.S. manufacturing sector. In technology, collaborations with Amazon Web Services, Microsoft, Oracle and Google Cloud are forging new connections between PIF and leading U.S. companies.
PIF has also anchored funds with major firms such as Goldman Sachs, Brookfield and BlackRock. In 2024, PIF announced a $5 billion partnership with BlackRock to launch BlackRock Riyadh Investment Management, a venture to bring new capital into Saudi Arabia and create opportunities for U.S. businesses.
Moreover, PIF is shaping future innovation in sports. Through partnering with the Association of Tennis Professionals (ATP) and the Women's Tennis Association (WTA), PIF supports tennis events around the world including the Miami Open and Indian Wells in the U.S. Earlier this year, PIF and the WTA introduced the first-ever program for paid maternity leave for professional tennis players, a historic innovation for women's sports.
PIF's commitment to low-carbon mobility is evident through its partnership with Formula E including the Miami E-Prix and other events that highlight advances in electric racing and sustainable transportation. Additionally, in the U.S., among other countries, under PIF's E360 partnership, PIF's Driving Force STEM program launched earlier this year now has 54,000 students focused on practical experiences in science and technology, aiming to inspire future innovators.
By design, PIF is unique among sovereign wealth funds. Its mandate to deliver impact at scale fosters prosperity, creates opportunities and drives innovation -- in Saudi Arabia, the U.S. and globally.