Saudi Arabia: The Public Investment Fund (PIF) on Tuesday announced the launch of the National Security Services Company (SAFE) in a move that aims to further improve and develop the private security sector in the Kingdom, the Saudi Press Agency reported.

The new security services company will focus on four main areas: security consulting services; integrated security solutions; training and development programs; and command and control centers.

Moreover, SAFE will integrate new technologies and empower cadres in the security services sector through advanced training programs to support personal and professional growth and provide new job opportunities for citizens in the market.

Since its establishment in 2016, the PIF has created 10 new sectors, more than 30 new companies and over 190,000 new jobs for the people of Saudi Arabia.

The fund’s assets have grown to over SR1.3 trillion ($350 billion) in the past four years, and it has invested a total of SR311 billion in the Saudi economy during that time.