Saudi PIF eyes long-term investments, says governor

Saudi Arabia’s Public Investment Fund (PIF) has a long term investment vision that leads to changes between various investments, sovereign funds and companies, Yasir Al Rumayyan, Governor, PIF said during the Future Investment Initiative (FII) 2019.

“PIF encourages all parties, not only to generate returns on investments, but to provide job opportunities and contribute to the Kingdom’s gross domestic product (GDP) growth, so as to ensure the society’s welfare,” Al Rumayyan added.

The ongoing uncertainty is important, but the present situation should be compared to 2007 and 2008, he noted, adding that such uncertainty relies on opinions and concerns.

He further said that various elements could have a positive or negative impact, such as the US-China trade war which influences the entire world.