Public Investment Fund Opens New Office in Paris, Expands Global Presence

Paris, May 2025 (Saudi Arabia Breaking News) – The Public Investment Fund (PIF) announced on Monday the opening of a new office in Paris, marking a strategic move to deepen its presence in France and expand international partnerships in a key European market.

The announcement, delivered via an official press release, stated that the opening ceremony will be held on the sidelines of the annual “Choose France” event, hosted in the French capital. The ceremony is expected to be attended by French President Emmanuel Macron, PIF Governor Yasir Al-Rumayyan, and several high-ranking officials and business leaders.

The new office reflects PIF’s approach to working closely with local partners, institutional investors, and leading companies across priority global markets. The sovereign wealth fund emphasized that this expansion will support its mandate to drive economic transformation in Saudi Arabia while fostering long-term global investment partnerships.

Between 2017 and 2024, PIF invested $84.7 billion across Europe, contributing an estimated $52 billion to the continent’s GDP and generating over 254,000 direct and indirect jobs. Of that total, $8.6 billion was invested in France, which added $4.8 billion to the country’s GDP and resulted in the creation of 29,000 jobs, according to the fund.

“France represents a vital investment destination and a long-standing partner in our global strategy,” the fund stated.

PIF noted that the addition of the Paris office is part of a broader effort to expand its international footprint, following previous office launches in New York, London, Hong Kong, and Beijing. The fund currently manages a portfolio of approximately 220 companies across various sectors and geographies.

The establishment of the Paris office aligns with PIF’s core strategy to enhance economic ties, stimulate innovation, and position Saudi Arabia as a major driver of global investment flows. According to the release, the fund has helped create over 1.1 million direct and indirect jobs both within the Kingdom and abroad.