(MENAFN) Saudi Arabia's Public Investment Fund (PIF) has established a SAR1.9bn (USD506.6m) unit to improve energy efficiency across the kingdom in partnership with the private sector.
Super Esco will aim to increase energy efficiency at government and public buildings and boost the growth of the kingdom's energy efficiency industry within its Vision 2030 reform agenda.
"The company will work in partnership with the Minister of Energy, Ministry of Finance and Saudi Energy Efficiency Center and provide new investment opportunities by creating partnerships with the private sector to deliver projects", Saudi Press Agency said.
PIF has appointed a new chief development officer in order to improve oil exports procedures.
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