---
title: "PIF and SoftBank sign MoU for tech-focused Vision Fund"
url: "https://cicadaconsultancy.online/en/news/pif-softbank-vision-fund-mou"
language: "en"
event_date: "2016-10-14"
published: "2026-10-03"
last_verified: "2026-10-03"
category: "Investment"
publisher: "Cicada (cicadaconsultancy.online)"
license: "CC BY 4.0"
---

# PIF and SoftBank sign MoU for tech-focused Vision Fund

- Event date: 14 October 2016 (2016-10-14)
- Topic: Investment
- In this story: PIF, SoftBank Group, SoftBank Vision Fund
- URL: https://cicadaconsultancy.online/en/news/pif-softbank-vision-fund-mou

Saudi Arabia's Public Investment Fund (PIF) and Japan's SoftBank Group signed a non-binding memorandum of understanding on 14 October 2016 to create the SoftBank Vision Fund for global technology investment. SoftBank would commit at least $25 billion over five years, while PIF would consider investing up to $45 billion, and the fund could reach $100 billion with other investors. The deal was the first large-scale link between PIF capital and global technology and AI investing.

## Key figures

- PIF potential commitment: $45 bn
- SoftBank commitment: $25 bn

## Sources

1. [Japan's SoftBank signs MoU with Public Investment Fund of Saudi Arabia](https://www.arabnews.com/business/japans-softbank-signs-mou-with-public-investment-fund-of-saudi-arabia-997671) — Arab News, 2016-10-14

Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.

---

Cicada · The signal in Saudi AI.
License: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/) · Full archive for language models: https://cicadaconsultancy.online/llms-full.txt