Saudi Gazette report

PARIS — The Public Investment Fund (PIF) of Saudi Arabia announced the opening of a new subsidiary office in Paris, reinforcing its global footprint and signaling deeper engagement in one of its key international markets.

The Paris office will serve as a strategic base for strengthening partnerships with leading companies, investors, and institutions across Europe.

The official opening will coincide with the launch of the annual Choose France summit and will be attended by French President Emmanuel Macron, PIF Governor Yasir Al-Rumayyan, and several senior officials and business leaders.

The move highlights PIF’s commitment to international collaboration and long-term investment in innovative and transformative sectors.

Between 2017 and 2024, PIF invested $84.7 billion in Europe, contributing $52 billion to the continent’s GDP and creating over 245,000 direct and indirect jobs.

In France alone, PIF has invested $8.6 billion during the same period, adding $4.8 billion to French GDP and generating more than 29,000 jobs.

The Paris expansion aligns with PIF’s broader strategy to drive global economic growth while supporting Saudi Arabia’s Vision 2030 goals. The fund, one of the world’s most influential investors, has played a key role in creating more than 1.1 million job opportunities globally through its investments and partnerships.

PIF’s global presence now includes offices in New York, London, Hong Kong, Beijing, and Paris.