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Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, stated on Tuesday it had established an organization to develop and broaden the non-public safety sector within the Kingdom.
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The National Security Services Co (SAFE) will deal with offering providers corresponding to safety consulting, safety options, coaching and improvement, and a variety of specialised providers, PIF stated in a press release on its web site.
PIF, which manages $360 billion in belongings, is the engine of Crown Prince Mohammed bin Salman’s financial transformation plan that goals to assist cut back Saudi Arabia’s reliance on oil.
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Last Update: Tuesday, 29 December 2020 KSA 14:53 – GMT 11:53
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