Saudi PIF set to launch two new offices in New York, London in early 2021

25/09/2020 Argaam

The Saudi Public Investment Fund (PIF) said it plans to open two new offices in New York and London in the early first quarter of 2021.

 

The move comes as part of the fund’s plan to expand its geographical presence, which affirms its aspiration to become one of the main investors in high-yield global projects.

 

In March, the fund's governor, Yasir Al-Rumayyan, said that the Kingdom’s sovereign wealth fund plans the opening of its first international office in New York during H2 2020, followed by an office in London during the same period. He added the fund is also studying to launch an office in Asia, according to data compiled by Argaam.

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