PIF launches company to develop Al-Khafji as Kingdom’s mega coastal tourism hub
Gulf Coast Development Company will build 16,000 homes, 1,400 hotel rooms and a 10km waterfront as Saudi Arabia expands tourism investment...
Tag : PIF
Saudi Arabia’s New Murabba replaces CEO as PIF rethinks giga-projects
PIF executive Sabah Barakat takes charge as the Riyadh development faces a longer timeline and tighter spending priorities under Vision 2030...
BNP Paribas establishes regional hub in Riyadh as Saudi solidifies financial ambitions
France’s largest bank now joins over 750 multinationals in Saudi Arabia’s push to become a premier financial centre in the Middle East...
PIF-led consortium seals USD 55 billion EA acquisition in gaming industry’s mega-deal
The consortium includes Affinity Partners, the private equity firm founded by Jared Kushner, as well as technology-focused investment firm Silver Lake...
Brookfield accumulates capital worth USD 2 billion for Middle East Fund
BMEP leverages Brookfield’s expertise in the Middle East and across its broader global network to pursue buyouts and other investment opportunities...
Saudi Arabia targets to become world’s largest AI token exporter: Humain CEO Tareq Amin
Tareq Amin further revealed that Saudi Arabia plans to launch and commercialise its own operating system in the coming months...
Oil prices force PIF retrenchment
The PIF’s transformative importance across the Saudi economy and for entire supply chains spanning the globe is difficult to overstate...
PIF reports 19% assets growth, USD 171 billion invested in priority sectors since 2021
The findings demonstrate PIF's growing contribution to Saudi Arabia's economic development and the formation of international markets...
Further boost for Saudi Vision 2030? PIF swings to USD 36.8 billion profit in 2023
Saudi Arabia has invested hundreds of billions of dollars through the PIF in projects under the Vision 2030 plan...
Saudi wealth fund PIF set to issue sterling-denominated bonds
Official data from Saudi Arabia shows that the private sector non-oil growth was stable in May, with the Purchasing Managers’ Index slightly decreasing to 56.4 from 57 in April...