PIF officials unveil future plans to boost national economy – Saudi Gazette

PIF officials unveil future plans to boost national economy – Saudi Gazette

Saudi Gazette report

RIYADH — Taking part in the first day of the Future Investment Initiative (FII) conference here on Tuesday, senior officials of the Public Investment Fund (PIF) revealed its future plans to boost the national economy and achieve Saudi Arabia’s goals in renewable energy, including green hydrogen production.

The first day of the conference witnessed a huge presence of ministers, officials, CEOs and leaders from major international companies, to discuss the most prominent challenges and issues facing the international economy.

In a session titled: “The sovereign wealth rebuilds the world again,” Rania Nashar, head of the Compliance and Governance Divisions at PIF, stated that PIF is distinguished by a unique vision as it directs its investments towards promising sectors.”

For his part, Jerry Todd, director of the National Development Division at PIF, said that the subsidiaries of the PIF’s portfolio are the basis of its influential role, saying: “we look forward to their pivotal role in strengthening our national economy, and finding resources that allow them to implement long-term investments and develop private local supply chains and investment in our national cadres.”

On his part, Muhammad Al-Bolaihed, director of the utilities and renewable energy sector at PIF, stressed that priorities are focused on