Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) is looking to invest in the private healthcare sector and hospitals in the kingdom over the coming period in an effort to upgrade domestic infrastructure, informed sources reported.
Saudi Arabia’s sovereign wealth fund may hire an adviser in the near future to help identify investment opportunities, sources told Bloomberg News.
PIF’s potential healthcare investments may be carried out through partnerships with the local healthcare firms, or through collaboration with overseas companies.
“The Public Investment Fund regularly explores potential investment opportunities to support portfolio diversification efforts, but does not comment on specific discussions or activities,” a spokesman for the fund noted.
The expected investments in the healthcare sector are part of the oil-rich Kingdom's “Vision 2030” reform plan, intended to diversify the kingdom’s economy and invest largely in infrastructure.
