PIF accelerates project announcements on turning strategy into action: Deputy Governor

Yazeed Alhumied, Deputy Governor & Head of MENA Investments, PIF

The Public Investment Fund (PIF) has recently accelerated new project announcements as it embarked on implementing its strategy, Yazeed Alhumied, Deputy Governor & Head of MENA Investments at PIF, said.

Many investment opportunities regarding Riyadh Air will be revealed for the private sector in the coming period, Alhumied added during the PIF Private Sector Forum held today, March 14.

The Kingdom’s sovereign wealth fund supports the private sector in three ways. It forms partnerships with key players in strategic sectors through initial public offerings.

The PIF also taps new sectors that need high investments, where it takes very high risks. The fund is always keen on realizing investment outcomes for the private sector and the mechanism of investment in such sectors, Alhumied explained.

Finally, the private sector as a services provider supplies the fund and its partners with many technological and basic services, he concluded.