Saudi Press

Saudi Arabia and the world
Thursday, Oct 09, 2025

PIF officials unveil future plans to boost national economy

PIF officials unveil future plans to boost national economy

Taking part in the first day of the Future Investment Initiative (FII) conference here on Tuesday, senior officials of the Public Investment Fund (PIF) revealed its future plans to boost the national economy and achieve Saudi Arabia’s goals in renewable energy, including green hydrogen production.
The first day of the conference witnessed a huge presence of ministers, officials, CEOs and leaders from major international companies, to discuss the most prominent challenges and issues facing the international economy.

In a session titled: “The sovereign wealth rebuilds the world again,” Rania Nashar, head of the Compliance and Governance Divisions at PIF, stated that PIF is distinguished by a unique vision as it directs its investments towards promising sectors.”

For his part, Jerry Todd, director of the National Development Division at PIF, said that the subsidiaries of the PIF’s portfolio are the basis of its influential role, saying: “we look forward to their pivotal role in strengthening our national economy, and finding resources that allow them to implement long-term investments and develop private local supply chains and investment in our national cadres.”

On his part, Muhammad Al-Bolaihed, director of the utilities and renewable energy sector at PIF, stressed that priorities are focused on making the Kingdom a global center for green hydrogen production through pumping investments in production lines, infrastructure and technologies needed by this industry through signing local and global strategic partnerships.

Addressing one of the sessions of the conference, Dr. Badr Al-Bader, CEO of the Mohammed bin Salman Foundation (Misk), stated that the coronavirus pandemic led to redefining of many global priorities and systems in general.

Dr. Al-Bader noted that Misk carried out a study on leadership after the pandemic, and it showed that “there is a leadership model that defines the characteristics of future leaders through seven competencies; the most important of which is to be a key leader focusing on human well-being.”

He highlighted the importance of dialogue to create generations and open up broader horizons in order to develop ideas and methods towards achieving the common goal, which is the transformational vision by choosing between the old and modern schools of leadership. “Each age group has its own characteristics, perspective and methods, and there are constant values. These are respect, appreciation, reflection, learning and good financial security planning,” he added.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Israel and Hamas Agree to First Phase of Trump-Brokered Gaza Truce, Hostages to Be Freed
The Davos Set in Decline: Why the World Economic Forum’s Power Must Be Challenged
Wave of Complaints Against Apple Over iPhone 17 Pro’s Scratch Sensitivity
Syria Holds First Elections Since Fall of Assad
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
UK, Canada, and Australia Officially Recognise Palestine in Historic Shift
New Eye Drops Show Promise in Replacing Reading Glasses for Presbyopia
Dubai Property Boom Shows Strain as Flippers Get Buyer’s Remorse
Top AI Researchers Are Heading Back to China as U.S. Struggles to Keep Pace
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
UAE-US Stargate Project Poised to Make Abu Dhabi a Global AI Powerhouse
Trump and Starmer Clash Over UK Recognition of Palestinian State Amid State Visit
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Sam Altman sells the 'Wedding Estate' in Hawaii for 49 million dollars
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Kuwait opens bidding for construction of three cities to ease housing crunch.
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
Could AI Nursing Robots Help Healthcare Staffing Shortages?
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Did the Houthis disrupt the internet in the Middle East? Submarine cables cut in the Red Sea
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
×