PIF creates investment opportunities in Chinese market, says Al-Rumayyan

PIF Governor Yasir Al-Rumayyan

The Public Investment Fund (PIF) created a number of investment opportunities in the Chinese market, building on the close investment relation between Saudi Arabia and China, the state-run SPA reported, citing Governor Yasir Al-Rumayyan, who is also the "accompanying minister".

The fund seeks to share experience and benefit from the capabilities of Chinese companies in various promising sectors. Future partnerships with the PIF or any of its subsidiaries will contribute to transferring technology and localizing advanced knowledge in all fields.

Al-Rumayyan added that the Saudi-Chinese summits have an economic significance, being a platform for developing experience and investment opportunities. They also allow big opportunities to deepen economic and investment partnerships, and achieve joint development among all participating countries.

The PIF strategy focuses on asset diversification through diversifying investments and looking for new opportunities in innovative investment fields, which diversify the Kingdom’s economy in line with Vision 2030.