Saudi PIF Dreams of “Invest in Saudi” Fund
Posted on 03/31/2021
Saudi Arabia’s Public Investment Fund (PIF) is keen on creating an inbound Saudi investment fund to lure foreign investors. This is similar to the Russian Direct Investment Fund (RDIF). PIF is working with other sovereign funds and large investors in creating the “Invest in Saudi” fund, which could be between 500 billion riyals to 1 billion riyals.
PIF has ambitious projects at home including, a massive economic city called NEOM, Qiddiya entertainment center, and a tourism project at the Red Sea.