PIF to launch 5 regional investment firms to draw $24bn: Saudi Crown Prince

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman has announced that the Public Investment Fund will establish five more regional investment companies, in Jordan, Bahrain, Sudan, Iraq, and the Sultanate of Oman.

This comes after the launch of the Saudi Egyptian Investment Co. in August, and across all six companies the value of the targeted investments will reach SR90 billion in opportunities across various sectors.

Companies will invest in infrastructure, real estate development, mining, healthcare, financial services, food and agriculture, manufacturing, telecommunications and technology, and other strategic sectors.

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