The Public Investment Fund (PIF) is Saudi Arabia’s sovereign wealth fund, established in 1971 to invest on behalf of the government and accelerate economic diversification under the Kingdom’s Vision 2030. It is among the world’s largest state-owned investors, deploying capital domestically and internationally across energy, industrials, infrastructure, technology, and other strategic sectors.
In the chemical value chain, PIF is an influential shareholder and developer. It invests in energy and materials, supports downstream petrochemicals and advanced materials projects, and backs initiatives in mining-to-chemicals linkages, plastics conversion, and circular economy solutions such as recycling. Notably, PIF previously held the majority stake in SABIC before selling it to Saudi Aramco in 2020, and it remains active through portfolio companies and joint ventures that build industrial capacity, supply chains, and sustainable production platforms in and beyond Saudi Arabia.
PIF typically uses a mix of direct equity, partnerships, and project development to catalyze large-scale industrial investments, including opportunities in low-carbon fuels and hydrogen, specialty chemicals, and localized manufacturing. Its role and scale make it a key institution shaping the Middle East’s chemicals and materials landscape.
chemXplore tracks 1 project involving PIF, of which one is active.
PIF's role on them: Owner and Operator.
1 new construction.
Contractors and licensors are recorded on this project For subscribers
Low‑fouling RO elements ordered for a 50 million gallons-per-day wastewater reclamation plant in Changi, with completion targeted in 2028.
Q1: adjusted EBITDA +25% to SAR4.15bn; revenue -6% to SAR26.15bn; adjusted net income SAR816m; realized $220m recurring EBITDA savings; divestments announced; urea capacity could rise 54%
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