Public Investment Fund opens a new office for a subsidiary in Paris

Today, the Public Investment Fund opened a new office for a subsidiary in the French capital, Paris, with the aim of expanding its global presence and deepening its relations in a priority international market.
The new office in Europe reflects the fund’s approach in close cooperation with partners, companies and leading investment institutions.

Macron attends the opening

The opening will witness the presence of French President Emmanuel Macron and Yasser Al -Ramyan, a governor, along with a number of senior officials and businessmen, and the opening will coincide with the start of the annual summit conference “Choose France” in Paris.
The Fund is an active investor in the long term in many sectors, businesses and markets that are the most innovative and transformation around the world, and it is expected that the opening of the new office will enhance the Fund’s partnerships in the region.

Fund investments

During the period between 2017 and 2024, the fund invested up to 84.7 billion dollars in the European economy, which contributed to the addition of $ 52 billion to European GDP, as well as contributing to the creation of more than 245 thousand jobs direct and indirect job opportunities in Europe.
This includes up to 8.6 billion dollars invested by the fund in the French market during the same period, which contributed to adding $ 4.8 billion to the French GDP, as well as contributing to the creation of more than 29 thousand direct and indirect jobs in the French economy.

Economic transformation

The opening of the Paris office is in line with the strategy of the Public Investment Fund to advance the growth of the global economy and lead the economic transformation in the Kingdom.
As the Fund is one of the most influential global investors, its investments and continuous commitment contributed to building new partnerships with a variety of international institutions that are leading in creating more than 1.1 million direct and indirect job opportunities in the Kingdom and the world.
The fund had previously opened offices for subsidiaries in New York, London, Hong Kong and Beijing. Its portfolio includes approximately 220 companies.