Saudi Arabia’s Public Investment Fund (PIF), managing nearly $1 trillion in assets, is set to launch its first euro-denominated green bond to support sustainable projects aligned with Vision 2030 and the country’s 2060 net-zero goal.
- Arranging banks: Crédit Agricole CIB, JP Morgan, Societe Generale
- Use of proceeds: Renewable energy, clean transport, sustainable infrastructure (including PIF subsidiaries)
- Context: Saudi issuers raised 18.9% of $250B emerging-market dollar debt in H1 2025; PIF recently sold a heavily subscribed $2B 10-year bond.
The move underscores the Kingdom’s drive to attract global green investment and fund multibillion-dollar megaprojects like NEOM, Oxagon, and The Line, emphasizing renewable energy, zero-carbon mobility, and ecological conservation.
As interest rates fell in the Gulf following the Fed’s rate cut, PIF’s green bond is expected to draw strong international demand.