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  • 04-12-22

    KSA’s PIF confirms creation of Aseer funding Company

    (MENAFN) Saudi Arabia’s Public Investment Fund has created a firm to work as its investment arm in the Aseer district of Saudi Arabia.

    The Aseer Investment Company is going to drive as well as motivate domestic and foreign direct investment to improve and transform the province into a year-round tourism destination.

    AIC is going to open the way for a wide range of funding prospects for local and worldwide financers throughout number of industries such as tourism, hospitality, healthcare, sports, education, food, as well as several other fast-growing local sectors.

    The firm is going to partake in fostering public-private cooperation, establishing employment opportunities for the domestic community and boosting the region’s tourism and attractive investment prospects.

    “Aseer Investment Company aims to become a leading facilitator of broad-ranging investment opportunities in Aseer,” Raid Ismail, Chief of Direct Investments for the Middle East and North Africa at PIF stated.

    “AIC will promote the region’s rugged mountains, stunning nature, and storied culture, preserve its ancient history and heritage, and transform it into a world-class tourist destination for visitors from across the globe in line with PIF’s strategy and Vision 2030,” he also noted.

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