Saudi Public Investment Fund is Interested in Developing Mutually Beneficial Cooperation with Kazakhstan

Riyadh, May 22, 2023 – Ambassador of Kazakhstan to Saudi Arabia Berik Aryn met with the Chief of Staff and Secretary General of the Public Investment Fund (PIF) Saad Alkroud.

During the meeting, the parties discussed enhancing cooperation between Kazakhstan and PIF, including establishing close collaboration between the sovereign funds of the two countries and implementing joint investment projects in various fields.

In addition, the Kazakh diplomat informed on the investment opportunities and the excellent potential for developing the main areas of the country's economy, such as agriculture and mining, as well as briefed on the upcoming major international financial and economic events in Kazakhstan, including the preparations for the Astana International Forum which will take place on June 8-9, 2023.

Following the meeting, the parties agreed to develop specific areas of cooperation that would meet the interests of the two countries.

For reference: Public Investment Fund (PIF) is the primary investment institution of Saudi Arabia, focused on providing financial returns and long-term benefits for the Kingdom in line with the Saudi Vision-2030 strategic program.

PIF is one of the world's top ten largest sovereign wealth funds, with assets totaling more than 650 billion USD, and is committed to building a diversified world-class portfolio by investing in attractive long-term projects and opportunities, both domestically and internationally.