The Public Investment Fund (PIF) today announced in a press release the opening of a new subsidiary company office in Paris, expanding its global presence and deepening ties in France, a priority international market. The new office reflects PIF’s approach to engaging closely with local partners, leading businesses and institutional investors.
French President Emmanuel Macron, PIF Governor Yasir Al-Rumayyan, and other senior officials and business figures will attend the opening ceremony, which coincides with the annual “Choose France” event hosted in Paris.
PIF is an active, long-term investor in the world’s most innovative and transformational industries, businesses, and markets. This new office will enable it to further strengthen its partnerships in the region.
The release highlighted that between 2017 and 2024, PIF invested $84.7 billion across Europe, adding $52 billion to the continent’s GDP and creating over 254,000 direct and indirect European jobs. These investments included $8.6 billion in France, which added $4.8 billion to the nation’s GDP and created 29,000 direct and indirect jobs for the French economy.
The addition of Paris also aligns with PIF’s strategy to drive global economies and lead the economic transformation of Saudi Arabia. As one of the world’s most impactful investors, PIF has created more than 1.1 million direct and indirect jobs domestically and globally. PIF is committed to building new partnerships with a diverse range of leading international institutions.
“PIF has previously opened subsidiary company offices in New York, London, Hong Kong, and Beijing, and has approximately 220 portfolio companies,” the release read.
