Riyadh, December 29, 2020, SPA -- The Public Investment Fund (“PIF”) announced today the launch of the National Security Services Company (“SAFE”), designed to develop and grow the private security sector in the Kingdom. The company will offer world-class security services in line with leading international standards and practices. SAFE will focus on providing security services that include security consulting, security solutions, training and development, and a range of specialized services. The company will integrate manpower and technology, and in addition to the security services, will deliver state-of-the-art training programs that contribute to opening many employment avenues for Saudis in the security services sector, offering attractive benefits for personal and professional growth. SAFE’s establishment is part of PIF’s Investment Strategy, to contribute to Vision 2030 by launching and developing new sectors, localizing cutting-edge technology and knowledge, and enabling the private sector. Since 2016, PIF has created 10 new sectors, more than 30 new companies, and over 190,000 new jobs for the people of Saudi Arabia. --SPA 14:05 LOCAL TIME 11:05 GMT 0007 www.spa.gov.sa/w1475399