Definition of ‘Public Investment Fund – Saudi Arabia’

The Public Investment Fund (PIF) of Saudi Arabia was established in 1971. It provides financing support to productive commercial projects that, while being strategically significant to the development of the Saudi Arabian economy, cannot be implemented by the private sector alone due to insufficient experience or capital resources.
0a7d8-1487349_439244106201841_2132384116_n

Investopedia explains ‘Public Investment Fund – Saudi Arabia’

The Public Investment Fund has funded numerous projects in important sectors of the Saudi Arabian economy, including petroleum refineries, petrochemical industries, pipelines and storage, transportation, energy, minerals, water desalination and infrastructural facilities. It has also participated in the capital funding of a number of bilateral and Pan Arab corporations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s