Riyadh – Mubasher: The Saudi Public Investment Fund’s (PIF) investment portfolio increased to SAR 840 billion in 2017, compared to SAR 570 billion in 2015, said managing director Yasir Al-Rumayyan.
The PIF’s investment portfolio comprises assets which are under management.
The PIF invested about SAR 70 billion in domestic and international investments during 2017, the Saudi Press Agency (SPA) reported, citing Al-Rumayyan as saying.
The Saudi body established nine local firms to develop some sectors as the Saudi company for real estate refinance, the Saudi Arabian Military Industries (SAMI), Fund of funds, Entertainment Investment Company, and another urban development projects.
PIF has launched megaprojects such as Neom and the Red Sea.
