The Public Investment Fund (PIF) has announced the opening of a new subsidiary office in Paris, marking a significant step in strengthening its international presence and deepening ties with key partners in France. The launch coincides with the annual “Choose France” summit and will be attended by French President Emmanuel Macron, PIF Governor Yasir Al-Rumayyan, and top business leaders.
France is a strategic market for PIF, which has already invested $8.6 billion in the country, contributing $4.8 billion to its GDP and supporting 29,000 jobs. Across Europe, PIF has injected $84.7 billion between 2017 and 2024, adding $52 billion to the continent’s GDP and generating over 254,000 jobs.
The new Paris office will serve as a hub for building stronger partnerships with European institutions, supporting PIF’s broader mission to accelerate global economic growth and Saudi Arabia’s transformation. With offices already in New York, London, Hong Kong, and Beijing, PIF now manages a portfolio of approximately 220 companies worldwide.
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