Saudi PIF has announced the opening of a new subsidiary company office in Paris, expanding its global presence and deepening ties in France, a priority international market.
The new office underscores PIF’s commitment to building strong relationships with local partners, leading enterprises, and institutional investors.
French President Emmanuel Macron, PIF Governor HE Yasir Al-Rumayyan, and other senior officials and business figures will attend the opening ceremony, which coincides with the annual ‘Choose France’ event hosted in Paris.
As an active, long-term investor in some of the world’s most innovative and transformational sectors, Saudi PIF is committed to driving sustainable growth. The establishment of this new office will further enhance its ability to foster strategic partnerships across the region.
Between 2017 and 2024, PIF invested $84.7 billion across Europe, adding $52 billion to the continent’s GDP and creating over 254,000 direct and indirect European jobs. These investments included $8.6 billion in France, which added $4.8 billion to the nation’s GDP and created 29,000 direct and indirect jobs for the French economy.
The addition of Paris also aligns with PIF’s strategy to drive global economies and lead the economic transformation of Saudi Arabia. As one of the world’s most impactful investors, PIF has created more than 1.1 million direct and indirect jobs domestically and globally. PIF is committed to building new partnerships with a diverse range of leading international institutions.
PIF has previously opened subsidiary company offices in New York, London, Hong Kong, and Beijing, and has approximately 220 portfolio companies.
