The Public Investment Fund (PIF) is a sovereign wealth fund owned by the Kingdom of Saudi Arabia. Established in 1971, its primary goal is to invest in various sectors to diversify the country's economy away from oil dependency. The fund focuses on both domestic and international investments, aiming to generate sustainable financial returns. PIF plays a crucial role in the Vision 2030 initiative, which seeks to transform Saudi Arabia's economy and promote growth in non-oil sectors. By investing in technology, entertainment, and renewable energy, the fund aims to create jobs and foster innovation within the country.