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Reference News reported on July 15 According to a report by Hong Kong 01 website on July 15, the president of Saudi Arabia's sovereign wealth fund "Public Investment Fund" (PIF), Rumeyan, recently visited Beijing. Its executives revealed that after PIF sets up an office in Hong Kong, it is expected to set up another office in Beijing in the fourth quarter of 2024 or the first quarter of 2025 to better reach the Chinese market, understand the Chinese economy and companies, and find more investment opportunities.

According to reports, Middle Eastern funds have successively set up offices or representatives in China in recent years. In September 2023, Mubadala, the third largest sovereign fund in the UAE, opened an office in the core area of ​​Beijing's CBD. The Abu Dhabi Investment Authority has set up an office in China in 2021.

According to reports, PIF's head of Middle East and North Africa securities investment once said that PIF's investment in China is about US$22 billion, focusing on areas such as sustainable development, automobiles, and health care.

Recently, PIF has been actively cooperating with China, including the establishment of Blue Ocean Taiku (Shenzhen) Private Equity Investment Fund in January 2023 in cooperation with Shenzhen Futian District; and PIF's parent fund company Jada invested in Yida Capital II Fund at the end of 2023.