Middle East

PIF aims to grow to $2 trillion from $400bn by 2030: governor

Author: 
Argaam
article author: 
ID: 
1610622722237996900
Thu, 2021-01-14 14:11

The Public Investment Fund (PIF) owns 67 percent stake in Lucid Motors with an investment worth $1.3 billion, governor Yasir Al-Rumayyan said in a statement to CNBC Arabia.
Al-Rumayyan indicated that the fund’s foreign investments have financial and other objectives to support the economy.
PIF’s investment outlook is long-term, with foreign investments currently representing between 25 percent and 30 percent, compared to 2 percent in 2016, he added.

Main category: 

From Arab News

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button