Ministry of Industry says PIF’s planned SAR 1 trln investments to boost many economic sectors

25/01/2021 Argaam

Logo of Ministry of Industry and Mineral Resources

The Ministry of Industry and Mineral Resources said that pumping local investments in new projects worth up to SAR 1 trillion, as part of the Public Investment Fund (PIF) strategy, will have a significant impact on the the development of many key economic sectors, including industry and mineral resources.

 

This will also contribute to attracting quality investments and creating jobs for the Saudi citizens, the ministry said on its official Twitter account.

 

Saudi Crown Prince Mohammed bin Salman and PIF chairman approved, on Jan. 24, 2021, the fund strategy 2021-2025, which included the injection of local investments of SAR 1 trillion in 13 strategic sectors over the next five years, according to data compiled by Argaam.

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