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- The fund is an active investor in other industries and businesses
RIYADH: Saudi Public Investment Fund, known as PIF, has opened three new subsidiary companies鈥� offices in London, New York and Hong Kong in line with its global expansion plans.
The new subsidiary companies鈥� offices will enable the sovereign fund to work with its partners globally, enabling an economic transformation of 抖阴短视频, it said in a statement.
The fund is an active investor in other industries and businesses, including in the UK, Europe, US, Asia and South America.
As part of PIF鈥檚 2021-2025 strategy, it 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.