PIF opens 3 new offices for subsidiary firms in London, New York, Hong Kong

Logo of Public Investment Fund

The Public Investment Fund (PIF) announced opening three new offices for subsidiary companies in London, New York and Hong Kong, the sovereign fund said in a statement today, Feb. 24.

The move is in line with PIF’s continued expansion and will assist in the fund’s future international growth.

PIF is an active investor in some of the world’s most innovative and transformational industries and businesses in the UK, Europe, the US, Asia and South America.

The new offices for subsidiaries will further enable PIF to continue to work with its partners across regions globally while helping to transform global economies and drive the economic transformation of Saudi Arabia.

The opening of the new offices reflects its commitment to its global partnerships and in investing in sectors, industries and companies that will shape the economies of the future.

PIF’s ongoing international expansion comes as the fund makes strong progress against its Strategy 2021-2025.

As part of this strategy, the fund 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.

A key element of PIF’s success has been the strategic economic partnerships with many of the world’s leading investors and businesses.