Saudi Arabia’s Public Investment Fund, PIF, has opened three new subsidiary companies’ offices in London, New York and Hong Kong in line with its global expansion plans, reports say.
The fund in a statement indicated that new subsidiary companies’ offices will enable the sovereign fund to work with its partners globally, enabling an economic transformation of the Gulf country.
Per its 2021-2025 strategy, PIF plans to grow its assets under management to $1.07 trillion by the end of 2025, while continuing to create new sectors, companies and jobs. The fund is already active in other industries and businesses, including in the UK, Europe, US, Asia and South America.
Saudi PIF opens offices in London, New York & Hong Kong
