{"id":88904,"date":"2024-08-21T00:00:00","date_gmt":"2024-08-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/21\/pif-pivots-its-focus-to-domestic-growth\/"},"modified":"2024-08-21T00:00:00","modified_gmt":"2024-08-21T00:00:00","slug":"pif-pivots-its-focus-to-domestic-growth","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/21\/pif-pivots-its-focus-to-domestic-growth\/","title":{"rendered":"PIF pivots its focus to domestic growth"},"content":{"rendered":"

The Public Investment Fund\u2019s performance last year is leading the conversation on Saudi<\/strong> in the foreign press:<\/strong> The Financial Times came out<\/a> with a piece on how the PIF is transitioning from a major global investor to focusing more on domestic projects, signaling a shift away from being a straightforward source of capital. With falling oil revenues and rising domestic development needs, the PIF is now placing more emphasis on ramping up local employment, along with reinvestment in the kingdom. Meanwhile, CNBC took note of some of the most significant KPIs mentioned in the fund\u2019s annual report for 2023<\/a> (watch, runtime: 1:00<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

Some 76% of the fund\u2019s assets are in local investments<\/p>\n","protected":false},"author":1,"featured_media":88905,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2561],"tags":[10,1151,229],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saudi-in-the-news","tag-enterpriseam-ksa","tag-public-investment-fund-pif","tag-saudi-in-the-news","wpautop","entry"],"acf":{"mongo_id":"e7a1cce8-f25c-4107-acea-209e38cfe81f","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/2222.jpg","photo_position":"above","homepage_title":"","full_issue_title":"PIF has it eyes set on domestic growth","related_issue":[88887],"teaser":"Some 76% of the fund\u2019s assets are in local investments","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.7d3dceb6-d70c-4087-b1b4-78331254ac70.mp3"},"yoast_head":"\nPIF pivots its focus to domestic growth - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/21\/pif-pivots-its-focus-to-domestic-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIF pivots its focus to domestic growth\" \/>\n<meta property=\"og:description\" content=\"Some 76% of the fund\u2019s assets are in local investments\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/21\/pif-pivots-its-focus-to-domestic-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2222.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/21\/pif-pivots-its-focus-to-domestic-growth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/21\/pif-pivots-its-focus-to-domestic-growth\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PIF pivots its focus to domestic growth\",\"datePublished\":\"2024-08-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/21\/pif-pivots-its-focus-to-domestic-growth\/\"},\"wordCount\":109,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/21\/pif-pivots-its-focus-to-domestic-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2222.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM KSA\",\"Public Investment Fund (PIF)\",\"SAUDI IN THE NEWS\"],\"articleSection\":[\"SAUDI IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/21\/pif-pivots-its-focus-to-domestic-growth\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/08\/21\/pif-pivots-its-focus-to-domestic-growth\/\",\"name\":\"PIF pivots its focus to domestic growth - 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