PIF notes positive impact of local investments, aims to provide 1.5 mln jobs

14/10/2020 Argaam

The Public Investment Fund (PIF) said the positive impact of its domestic investments is evident in all parts of the Kingdom.

 

More than 15 real estate companies and a number of mega projects have been established in 13 different regions of the country, Saudi Arabia’s sovereign wealth fund said on its official Twitter account.

 

The companies and the projects will contribute to providing one million jobs in the tourism sector, 500,000 in the hospitality sector and 88,000 in the construction sector, the tweet noted.

 

According to the data available with Argaam, PIF’s assets amounted to $390 billion, according to the latest update by the SWF Institute.

 

In its September update, SWF Institute noted that PIF is close to raising its assets to $400 billion by the end of 2020.

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