PIF sets up 56 firms, creates 500,000 jobs: Al-Rumayyan

23/09/2022 Argaam

Yasir Al Rumayyan, Governor of the Public Investment Fund (PIF)

The Public Investment Fund (PIF) plays a pivotal role in pushing the national economic development. It set up 56 companies, which offered nearly 500,000 job opportunities, Yasir Al-Rumayyan, PIF’s Governor told the FII PRIORITY Summit held in New York. 

 

The Kingdom’s sovereign wealth fund plans to offer 1.8 million direct and indirect jobs through its investments. 

 

He added that finding an appropriate system and cooperating with government agencies contribute to profitable and influential investments. 

 

The PIF, in line with Vision 2030 and as per its strategy, plays a role in finding solutions for several basic issues, including climate change, sustainability, food security and support for social and economic development, the governor concluded.   

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