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Saudi Sovereign Fund CEO on Investment Strategy
Saudi Sovereign Fund CEO on Investment Strategy
Published: 2017/10/24
Channel: Bloomberg TV Markets and Finance
Saudi Arabia Kingdom to raise $2 trillion to fund diversification plan
Saudi Arabia Kingdom to raise $2 trillion to fund diversification plan
Published: 2016/04/27
Channel: CGTN Africa
Blackstone
Blackstone's CEO on Investing in PIF, Company Targets
Published: 2017/10/25
Channel: Bloomberg TV Markets and Finance
Top 5 Investments By The Saudi Public Investment Fund
Top 5 Investments By The Saudi Public Investment Fund
Published: 2017/10/29
Channel: Forbes Middle East
Blackstone CEO Says There Is Scope to Invest With PIF
Blackstone CEO Says There Is Scope to Invest With PIF
Published: 2017/10/25
Channel: Bloomberg TV Markets and Finance
In collaboration with the Saudi Public Investment Fund; SoftBank to launch SoftBank Vision Fund
In collaboration with the Saudi Public Investment Fund; SoftBank to launch SoftBank Vision Fund
Published: 2016/10/14
Channel: إنفوجرافيك السعودية
Market watch: Saudi Arabia is investing billions to secure future growth
Market watch: Saudi Arabia is investing billions to secure future growth
Published: 2017/11/02
Channel: ConstructionWeekOnline.com
Saudi Arabia hires bankers to run public investment fund - Kazakh TV
Saudi Arabia hires bankers to run public investment fund - Kazakh TV
Published: 2016/04/22
Channel: Kazakh TV
1,00,00,00,00,000 SR for Public Investment Fund KSA / King Salman
1,00,00,00,00,000 SR for Public Investment Fund KSA / King Salman
Published: 2016/11/30
Channel: SOCIAL LIFE
Breaking News - Saudi Arabia announces plans for £380 billion city
Breaking News - Saudi Arabia announces plans for £380 billion city 'Neom'
Published: 2017/10/24
Channel: US NEWS
Saudi Arabia, Japan
Saudi Arabia, Japan's Softbank Create $100B Tech Fund
Published: 2016/10/14
Channel: United News International
The Saudi Public Investment Fund   Petrochemicals
The Saudi Public Investment Fund Petrochemicals
Published: 2015/04/15
Channel: Market Reports on Saudi Arabia
Public investment fund to establish recycling sector company
Public investment fund to establish recycling sector company
Published: 2017/10/16
Channel: NEW YORK TIME
Saudi Arabia launches national state company for military industries (SAMI)
Saudi Arabia launches national state company for military industries (SAMI)
Published: 2017/05/18
Channel: Al Arabiya English
Uber Turns to Saudi Arabia for Biggest Investment Yet
Uber Turns to Saudi Arabia for Biggest Investment Yet
Published: 2016/06/03
Channel: Bloomberg
Saudi Arabia announces mega Red Sea tourism project
Saudi Arabia announces mega Red Sea tourism project
Published: 2017/08/01
Channel: Hotelier Middle East
POSCO to sell stake in its construction unit to Saudi fund / YTN
POSCO to sell stake in its construction unit to Saudi fund / YTN
Published: 2015/06/16
Channel: YTN NEWS
$100 million to invest in transport projects in Russia
$100 million to invest in transport projects in Russia
Published: 2017/10/06
Channel: CIC Saudi Arabia
Ivanka Trump’s Investment Fund Was Accidentally Made Public by an Overeager Angela Merkel
Ivanka Trump’s Investment Fund Was Accidentally Made Public by an Overeager Angela Merkel
Published: 2017/04/28
Channel: Daily News
Saudi Arabia
Saudi Arabia's Sovereign Wealth Fund Backs Uber With $3.5 Billion
Published: 2016/06/02
Channel: Wochit News
WARNING the UBER NWO ahead as $3 5bn from Saudi Public Investment Fund is invested !
WARNING the UBER NWO ahead as $3 5bn from Saudi Public Investment Fund is invested !
Published: 2016/06/02
Channel: cips clips (1883)
Saudi Arabia invests $3.5B in Uber
Saudi Arabia invests $3.5B in Uber
Published: 2016/06/02
Channel: Fox Business
WARNING the UBER NWO ahead as $3.5bn from Saudi Public Investment Fund is invested !
WARNING the UBER NWO ahead as $3.5bn from Saudi Public Investment Fund is invested !
Published: 2016/06/02
Channel: cips clips
What Saudi Arabia
What Saudi Arabia's $3.5B Uber Investment Means For Women
Published: 2016/06/02
Channel: Newsy
Uber raises $3.5 billion from Saudi Arabia’s Public Investment Fund
Uber raises $3.5 billion from Saudi Arabia’s Public Investment Fund
Published: 2016/06/01
Channel: News4YTB
PIF
PIF
Published: 2018/02/08
Channel: STeam Mentoring
TRUMP WINS:  Moments Ago Saudi Arabia Announce $40 Billion Investment in U
TRUMP WINS: Moments Ago Saudi Arabia Announce $40 Billion Investment in U
Published: 2017/05/25
Channel: Mahmoud Hassan
Saudi sovereign fund to invest $10b in Russia
Saudi sovereign fund to invest $10b in Russia
Published: 2015/07/08
Channel: Levant TV
Uber Gets $3.5bn Investment from Saudi Arabia | Saudi wealth fund puts $3.5bn into Uber
Uber Gets $3.5bn Investment from Saudi Arabia | Saudi wealth fund puts $3.5bn into Uber
Published: 2016/06/02
Channel: Nyusu English
PIF Maaden SAR Aeron Branding
PIF Maaden SAR Aeron Branding
Published: 2014/04/28
Channel: Aeron Branding
Blackstone, Saudi Arabia Announce $40 Billion Investment in U.S. Infrastructure - Breitbart
Blackstone, Saudi Arabia Announce $40 Billion Investment in U.S. Infrastructure - Breitbart
Published: 2017/05/21
Channel: best viral videos
Uber raises US$3.5b from Saudi investment fund
Uber raises US$3.5b from Saudi investment fund
Published: 2016/06/02
Channel: Newsday.com
Protect Children From Channel Surfing
Protect Children From Channel Surfing
Published: 2018/01/22
Channel: Love The PIF
PIF 53015
PIF 53015
Published: 2011/04/29
Channel: FoxEight Sales
NEMO Project Saudi Arabia
NEMO Project Saudi Arabia
Published: 2017/12/25
Channel: idris Hussain
PIF Commercial   CITY COUNTY   FINAL  1
PIF Commercial CITY COUNTY FINAL 1
Published: 2016/06/02
Channel: John Chamberlin
Chinese drone factory in Saudi Arabia first in Middle East
Chinese drone factory in Saudi Arabia first in Middle East
Published: 2017/03/26
Channel: World Of Weapon
pif  50210
pif 50210
Published: 2011/04/29
Channel: FoxEight Sales
Dialogue between Saudi and Russian executive heads
Dialogue between Saudi and Russian executive heads
Published: 2017/10/05
Channel: CIC Saudi Arabia
Uber
Uber's $3.5 Billion Investment - 02.06.2016 - Dukascopy Press Review
Published: 2016/06/02
Channel: Dukascopy TV (EN)
PIF Boyz
PIF Boyz
Published: 2017/01/05
Channel: PR by Davis & Co. Davis & Co.
PIF
PIF
Published: 2016/07/18
Channel: FijiOneNews Uploads
PIF
PIF
Published: 2017/08/14
Channel: Hamad Saran
Uber Gets $3.5 Billion From Saudi Arabia
Uber Gets $3.5 Billion From Saudi Arabia
Published: 2016/06/03
Channel: TheLipTV2
PIF Speech
PIF Speech
Published: 2016/09/26
Channel: Ryan Sargent
Wells Fargo PIF 15
Wells Fargo PIF 15
Published: 2012/06/28
Channel: CBS 5 AZ
LOC
LOC's
Published: 2014/06/08
Channel: moraletracks
Galaxy Note 7 banned from all flights | Crunch Report
Galaxy Note 7 banned from all flights | Crunch Report
Published: 2016/10/14
Channel: TechCrunch
PIF INTRODUCTION
PIF INTRODUCTION
Published: 2017/11/22
Channel: Extra Income From Home 101
A Problem Shared ...
A Problem Shared ...
Published: 2017/09/09
Channel: sapphirebluegirl
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WIKIPEDIA ARTICLE

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The Public Investment Fund (PIF) is a sovereign wealth fund owned by Saudi Arabia, founded for the purpose of investing funds on behalf of the Government of the Saudi Arabia. The PIF has a portfolio made up of approximately 200 investments, of which around 20 are listed on Tadawul, the Saudi Stock Exchange.

Role[edit]

The Public Investment Fund invests in specific projects through equity, loans or guarantees, and allocations of public funds. The PIF also provides medium and long-term loans to the large-scale government and private industrial projects. The PIF invests in the fields of telecoms, aerospace, energy, green technologies, and security, seeking a focus on housing finance, renewable energy and information technology.[1]

History[edit]

The Saudi Arabian Public Investment Fund (PIF) was established in 1971 by Royal Decree M/24[2] to provide financing support for projects of strategic significance to the national economy.[3]

Since its inception, the PIF has been the Kingdom’s main investment arm, and has played an important role in the financing of vital projects in the Kingdom, including in the oil refining, fertilizer, petrochemical and electricity sectors. In July 2014, the Council of Ministers granted the PIF authority to fund new companies inside and outside the Kingdom, either independently or in cooperation with the public and private sectors, without the council's prior approval.[4]

PIF post-CEDA[edit]

In March 2015, oversight of PIF was moved from the Ministry of Finance to the Council of Economic and Development Affairs (CEDA). CEDA was created following the fluctuations in oil prices in 2014, in order to improve efficiency in the government’s decision-making apparatus. As part of this process, a new PIF was appointed, chaired by HRH the Crown Prince Mohammad bin Salman Al Saud.[5]

Following these changes, the Board is taking steps to refine its investment capabilities and enable the fund to manage a broader portfolio of current and new assets,[6] ensuring that it is aligned with the government’s Vision 2030.[7] The aim is to diversify government resources and the economy and to help unlock strategic sectors.[8]

Investment projects[edit]

Beginning in 2015 the PIF began making a number of high-profile investments, including acquiring an 38% stake in South Korea’s Posco Engineering & Construction Co. in July 2015[9] and establishing a sizable fund with French firms in October 2015. In June 2016, it was announced that the PIF was acquiring an approximate 5 percent stake in Uber for an investment of $3.5 billion, the largest ever single investment in the App-based ride sharing company. On 14 October 2016 Japan's SoftBank announced it had signed a memorandum of understanding with the PIF for the establishment of a London-based SoftBank Vision Fund which aims to invest up to $45 billion over five years in the tech sector.[10]

In March 2016, it was announced that ownership of Saudi Aramco would be transferred to the PIF and that the Kingdom will seek to list 5 percent of Aramco’s shares by 2017. The PIF expects to become the largest sovereign wealth fund in the world with assets of $2 trillion.[11]

On May 20, 2017, during the Saudi-US CEO Forum which was part of President Donald Trump's official trip to Saudi Arabia, the Public Investment Fund (PIF) announced plans to "invest $40 billion in infrastructure projects, mostly in the U.S." Saudi Arabia, which is "working to diversify its economy" entered into business deals with General Electric, Lockheed Martin and The Blackstone Group. Blackstone, whose CEO and founder — Stephen A. Schwarzman — is a top supporter of President Donald Trump, entered into a non-binding memorandum by which the PIF committed $20 billion to the project.[12] During the CEO Forum US-Saudi, arms deals were announced including a pledge to "assemble 150 Lockheed Martin Black Hawk helicopters" in Saudi Arabia, representing 450 jobs in Saudi Arabia" as part of the "$6 billion deal for Black Hawks."[13]

On 31 July 2017, the PIF announced it will spearhead the Red Sea project for luxury beach resorts built over 50 islands unlocking 125 miles of coastline.[14] PIF will inject initial capital in order to raise funds for investments by international actors in the tourism and hospitality sectors.[15]

See also[edit]

References[edit]

  1. ^ Company Overview of Public Investment Fund, Bloomberg.com
  2. ^ "موقع هيئة الخبراء بمجلس الوزراء". Retrieved 2 December 2016. 
  3. ^ Bloomberg - The Key Questions Asked About Saudi Arabia’s $2 Trillion Fund
  4. ^ "Saudis refine blueprint for post-oil economy". 26 April 2016. Retrieved 2 December 2016. 
  5. ^ "Cabinet Session 23-3-2015 - kingdom of Saudi Arabia - Ministry of Foreign Affairs". Retrieved 2 December 2016. 
  6. ^ "Vision 2030 – How to achieve our vision". June 2016. 
  7. ^ "Financial Times - The Saudi Reshuffle: five key reforms in Riyadh, May 2016". June 2016. 
  8. ^ "Al Arabiya – full text of Vision 2030". June 2016. 
  9. ^ ""Let's establish a joint venture", following a 20-minute explanation of the miracle of Incheon Songdo". POSCO Engineering & Construction., Ltd. November 4, 2015. Retrieved October 22, 2016. 
  10. ^ "SoftBank Group Corp. to Establish SoftBank Vision Fund". SoftBank Group. October 14, 2016. Retrieved October 22, 2016. 
  11. ^ Dobson, Paul Warner (October 2, 2016). "Saudi Arabia's Vision 2030". Headline Hamster. Retrieved October 22, 2016. 
  12. ^ Manchester, Julia (May 20, 2017). "Blackstone, Saudis set to invest $40 billion in primarily U.S. infrastructure". The Hill. Retrieved May 20, 2017. 
  13. ^ "Saudi-US arms deal includes plans for 150 Lockheed Martin Black Hawk helicopters". Arab News. Riyadh, Saudi Arabia. May 20, 2017. Retrieved May 20, 2017. 
  14. ^ His Royal Highness the Crown Prince Announces the Launch of ‘The Red Sea’ project as an international tourist destination as part of the Kingdom’s 2030 Vision, Pif.gov.sa, 31 July 2017
  15. ^ Rob Hodgetts, Saudi Arabia launches luxury Red Sea beach resorts plan, Cnn.com, 3 August 2017

External links[edit]

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