Saudi Arabia's Public Investment Fund (PIF), with a total of $925 billion, is set to implement a new five-year strategy that emphasizes domestic investments, targeting 80% of its capital for local projects. Governor Yasir Al-Rumayyan revealed that the fund will focus on six key sectors: tourism, urban development, advanced manufacturing, industrials, clean energy, and the NEOM project. This strategic pivot comes as the kingdom faces economic pressures from the ongoing Iran war and a history of low oil prices, prompting a need for diversification away from oil dependency. The fund aims to decrease international investments to 20%, down from a high of 30%, while still increasing the dollar value of its total investments. Notably, the ambitious NEOM project, which includes the controversial Line structure, is being reprioritized, indicating a shift in focus towards projects with clearer financial returns. This new direction aligns with the broader goal of transforming the Saudi economy and addressing budget deficits.