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FinancialNews
25-09-22
PIF produces 500k employment opportunities across 54 companies
(MENAFN) Saudi Arabia’s Public Investment Fund has produced half a million employments opportunities across its 54 firms functioning in 10 different areas, as stated by its head, Yasir Al-Rumayyan.
While giving his speech at the FII Priority Summit in New York on the 22nd of September, Al-Rumayyan, who is the head of the Future Investment Initiative as well, stated that the highest target of PIF is to produce even further jobs.
“We want to create 1.8 million jobs, and these are quality jobs. It is not only the figures we are looking at, but the quality of these figures, the quality of these jobs,” according to Al-Rumayyan.
He also stated that PIF is being a main part in increasing the Saudi economy.
Al-Rumayyan also pointed out the PIF has a committed enterprise to guarantee that goals set on the 5 years’ plan are being achieved, and it is going to also framework aims for the approaching half-decade cycle.
Al-Rumayyan stated that “We assure every five years; the first time in 2017 and the second time in 2021, and it is something called the Vision Realization Program,” he continued: “It is a public document that we have on our website, and in this document, we put our focus on what exactly we want to do in the coming five years.”
“We have achieved the first targets for the first Vision Realization Program,” he mentioned.
MENAFN25092022000045014228ID1104919921
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