Video: PIF's construction investments set to secure Saudi's growth
The sovereign wealth fund's investments in a wide range of construction-related companies looks set to diversify the kingdom's economy and secure its future growth
Saudi Arabia's sovereign wealth arm, the Public Investment Fund (PIF), is investing billions of riyals to ensure future growth and security for the kingdom's economy.
PIF is led by the Crown Prince of Saudi Arabia, Mohammad Bin Salman.
From property development to energy services' provision and waste management, PIF has recently made investments in various companies to diversify Saudi's revenue and service streams.
These investments, coupled with numerous others, are expected to raise the value of PIF's assets under management (AUM) to $400bn (SAR1.5tn) by 2020, creating 256,000 jobs along the way.
The following video outlines PIF's recent investments related to construction, development, and post-construction services.