Ambassador of Kazakhstan met with the PIF Chief of Staff

On January 24, 2023, H.E. Mr. Berik Aryn, the Ambassador of Kazakhstan to Saudi Arabia held a meeting with Mr. Saad Alkroud, the Chief of Staff of the Public Investment Fund (PIF).

During the meeting, the parties discussed issues of expanding cooperation between Kazakhstan and PIF, including the possibility of implementing joint investment projects in various fields.

The Public Investment Fund was established in 1971 and is one of the main sources of financing for long-term public projects in the field of industry and infrastructure in the Kingdom and in the region. PIF is one of the TOP-10 largest sovereign funds in the world with total assets of more than 600 billion US dollars, and is also the main engine driving the transformation of Saudi Arabia’s economy within the implementation of “Saudi Vision-2030”. The PIF holds the most valuable assets of the country, including the largest energy company Saudi Aramco.