Saudi Public Investment Fund

The Saudi Public Investment Fund (PIF) is a sovereign wealth fund that was established in 1971 and is headquartered in Riyadh, Saudi Arabia. The PIF's purpose is to invest funds on behalf of the government of Saudi Arabia and its subsidiaries. The fund's scope includes investments in public equities, fixed income securities, real estate and private equity.


In 2008, the PIF began investing directly into non-oil related sectors such as healthcare services through its subsidiary Al Jouf Pharmaceutical Company; telecommunications through its subsidiary Mobily; petrochemicals through Saudi Basic Industries Corporation (SABIC); aerospace through Taqnia Aeronautics Company; technology through STC Electronics Company Limited; finance through National Commercial Bank (NCB) Group Holdings Limited; industrial manufacturing via Savola Group Holding Co., Ltd.; agriculture via Almarai Co.; logistics via Agility Logistics Co., Ltd.; media & entertainment via Rotana Group Holding Company Ltd., which owns several television channels including Rotana Music Channel & Rotana Masriya TV channel among others


 


The Fund's Structure and Investment Philosophy
The Saudi Public Investment Fund (PIF) is a sovereign wealth fund based in Riyadh, Saudi Arabia. It was established by royal decree in 1971 as an instrument of economic development and diversification for the Kingdom of Saudi Arabia.
The PIF has assets worth $250 billion USD and manages assets on behalf of the government with oversight from its board of directors who are appointed by the Crown Prince Mohammed bin Salman Al Saud (MBS). The fund's mandate is to invest in projects that have high growth potential while being financially viable over time.


 The Fund's Impact on the Global Economy
The Public Investment Fund (PIF) is a sovereign wealth fund owned by the government of Saudi Arabia. It was established in 1971 and has since grown to become one of the largest funds in the world, with assets worth more than $250 billion. The PIF has made significant contributions to global economic growth through its investments in various industries across different countries.
The PIF's impact on the global economy can be seen through its contributions toward job creation, infrastructure development, technological innovation and research & development (R\&D). For example:
   In 2017 alone it invested $45 billion across sectors such as healthcare; financial services; real estate; renewable energy as well as technology companies like Uber Technologies Inc., which received an investment worth $3 billion from PIF earlier this year; Netflix Inc., which received an investment worth $1 billion last year; Amazon Inc.'s Alexa voice assistant technology platform acquired by Samsung Electronics Co Ltd.; China's Didi Chuxing ride-hailing service provider backed by Tencent Holdings Ltd.; India's Flipkart Online Services Pvt Ltd.; Japan's SoftBank Group Corp.'s Vision Fund venture capital fund focused exclusively on artificial intelligence technologies.\* In addition to these investments made directly into various companies around the world over recent years there have also been many other projects undertaken by these firms themselves using their own resources rather than outside funding sources such as venture capital firms etcetera."


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