saudi arabia’s pif commits 20 billion to 40 billion education health care fund with blackstone
Thursday 12 June 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Saudi Arabia’s PIF commits $20 billion to $40 billion education, health care fund with Blackstone

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleSaudi Arabia’s PIF commits $20 billion to $40 billion education, health care fund with Blackstone

The fund will invest in “conventional economy” including sectors such as medical care and education,
Riyadh - Muslimchronicle

Saudi Arabia’s Public Investment Fund (PIF), the country’s main sovereign wealth fund, will contribute $20 billion to a $40 billion fund with US private equity firm Blackstone, its managing director said on Tuesday.
The fund will invest in “conventional economy” including sectors such as medical care and education, Yasir Al Rumayyan said at a major investment conference in the capital Riyadh.
PIF and US private equity firm Blackstone announced the fund in May with the execution of a memorandum of understanding for the launch of an infrastructure investment vehicle with an anchor $20 billion contribution by PIF.
As part of Saudi Arabia’s economic reforms announced last year, the Saudi government plans to expand PIF, founded in 1971, to finance development projects in the country.
PIF expects to create over 20,000 jobs by 2020 through its projects, Al Rumayyan also said on Tuesday.
“With our short term plans, we will have more than 20,000 jobs in 2020 and beyond it’s going to be a lot more.”
The Public Investment Fund has a portfolio made up of listed holdings, but also unlisted equity investments, international investments, real estate, loans, bonds and sukuk.

Source:Arabnews

 

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudi arabia’s pif commits 20 billion to 40 billion education health care fund with blackstone saudi arabia’s pif commits 20 billion to 40 billion education health care fund with blackstone

 



Themuslimchronicle, themuslimchronicle

GMT 08:28 2018 Saturday ,20 January

Egypt's President Sisi says will stand for re-election

GMT 05:58 2017 Saturday ,25 February

US new home sales rise in January

GMT 08:50 2016 Tuesday ,22 November

Withdraws controversial conviction bill

GMT 07:10 2018 Tuesday ,16 January

Hall of Famer Rodman arrested

GMT 11:50 2011 Saturday ,04 June

Baby girl killed in car crash on Palm Island

GMT 07:34 2018 Sunday ,07 January

Spain king pays homage to father Juan Carlos

GMT 14:20 2016 Thursday ,22 September

At the International Literature Berlin

GMT 22:03 2017 Thursday ,13 July

Ayman Zabib sad for his mother’s death

GMT 09:50 2017 Thursday ,02 November

A mixed picture for US cars sales

GMT 04:57 2017 Sunday ,03 December

Trump again insists 'no collusion' with Russia

GMT 15:25 2013 Monday ,15 April

Army bases in Damascus become prisons

GMT 18:00 2013 Monday ,03 June

New French school in Doha

GMT 16:50 2017 Sunday ,23 April

Tunisian gangs store quantities of expired food

GMT 14:06 2016 Tuesday ,11 October

Russia ready to join OPEC crude production curbs

GMT 15:47 2011 Wednesday ,03 August

Striking Chinese taxi drivers back at work
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle