PIF strategy seeks to develop Saudi healthcare sector

Logo of Public Investment Fund

The Public Investment Fund (PIF) said that its strategy is aiming to develop the Saudi healthcare sector to improve the quality of life.

The sovereign wealth fund said on its official Twitter account that its portfolio companies contributed to the development and localization of healthcare services, creation of technical solutions for consulting, and ensuring that medical services are available to all residents of the Kingdom.

Through its investments, PIF aims to take the lead in innovation that will improve the healthcare sector and localize the pharmaceutical industry.

According to data available in Argaam, PIF, in accordance with its 2021-2025 strategy, is working to pump local investments in new projects by focusing on 13 vital and strategic sectors, contributing to raising the level of local content to 60% in the fund and its affiliates, enhancing efforts to diversify revenue sources, leveraging resources potential, improving quality of life, as well as empowering the local private sector and creating jobs.

The #PIFstrategy is developing the Healthcare sector to ensure medical products and services are accessible to all through the utilization of #PIF’s portfolio companies.

Learn more about the Program: https://t.co/jsFH8cW3cV pic.twitter.com/gIzcLytgUg

— Public Investment Fund (@PIF_en) August 4, 2021