PIF Opens Paris Office to Boost Global Growth, France Ties
The Public Investment Fund (PIF) has announced the opening of a new subsidiary office in Paris, reinforcing its global expansion strategy and deepening its presence in France one of its key international markets. This move reflects PIF's commitment to building close relationships with local partners, leading companies, and institutional investors.
The opening ceremony will be attended by French President Emmanuel Macron, PIF Governor Yasir Al-Rumayyan, and other senior officials and business leaders. The event coincides with the annual 'Choose France' summit held in Paris.
As a long-term investor in transformative industries and markets worldwide, PIF views the Paris office as a strategic step toward enhancing regional partnerships.
According to the announcement, from 2017 to 2024, PIF invested $84.7 billion across Europe, contributing $52 billion to the continent's GDP and generating more than 254,000 direct and indirect jobs. In France alone, PIF's investments totaled $8.6 billion, adding $4.8 billion to the French GDP and creating 29,000 jobs.
The Paris office opening is aligned with PIF's broader strategy to support global economic development while driving Saudi Arabia's economic transformation. With over 220 portfolio companies and a global footprint that includes offices in New York, London, Hong Kong, and Beijing, PIF has already created over 1.1 million jobs worldwide. The fund remains dedicated to forging new partnerships with a wide array of international institutions.
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