PIF’s regional investments depend on competitive advantage, needs of each market: Official

Muteb Al Shathri, Head of Private Equity, MENA Investments

The Public Investment Fund’s (PIF) regional investments depend on the competitive advantage and needs of each market. The fund adopts a distinct investment strategy for each market, Muteb Al Shathri, Head of Private Equity, MENA Investments, told Argaam on the sidelines of the Future Investment Initiative (FII).  

The fund’s plan to launch six investment firms in the region aligns with its future strategy to expand in the region and explore new opportunities that contribute to forming new long-term strategic and economic partnerships.

The PIF’s plans to invest regionally are not new for the fund, as the MENA region is the economic extension of the Kingdom, where the fund’s companies have direct and indirect investments.

The Kingdom’s sovereign wealth fund always studies different markets and available opportunities through data analysis on the levels of macroeconomy or investment opportunity, Al Shathri added.

The fund’s strategy pillars include the formation of sustainable economic and strategic partnerships, and investment in the MENA region, he explained, noting that the launch of six regional investment firms builds on previous efforts to open these markets to the PIF’s subsidiaries and the Saudi private sector.