The Saudi Public Investment Fund (PIF), with $925 billion in assets under management, is the 6th largest in the world. Over the last 10 years, the fund has been promoting an assertive investment and acquisition strategy across sectors. As well as across the globe.However, as oil prices tumble despite ongoing conflicts in the Middle East, PIF is recalibrating its investment strategy with a strong focus on the Mega Cities project, which includes the development of NEOM, estimated to cost a total of $1.5 trillion.