PIF

An agreement worth SR7 billion ($1.87 billion) was struck between Saudi Global Ports and a Chinese company to advance green operational capacities at the Kingdom’s ports. The deal — hailed as the world’s largest single contract for the…
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Saudi Arabia’s sovereign wealth fund and a French private equity group will acquire a 38 percent stake in Britain’s busiest airport, Heathrow, officials announced on Friday. Dutch-based transport company Ferrovial SE said the Public…
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Saudi Arabia’s sovereign wealth fund is keen to invest in Brazil across multiple sectors such as technology, renewables, and mining, said a top official. Speaking at the inaugural ceremony of the Future Investment Initiative Priority…
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Saudi Arabia’s Public Investment Fund has priced its inaugural sterling bond offering of £650 million ($829.80 million) under its existing Euro Medium-Term Note program. The issuance is part of PIF’s strategy to continually diversify its…
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Saudi Arabia’s newest airline, Riyadh Air, has signed agreements with two major carriers, Singapore Airlines and Air China, to establish strategic partnerships and expand its global network. The agreement focuses on interline…
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Jeddah’s popular waterfront promenade has been renovated by Saudi developer and owner ROSHN. The area, opened in 2017 and renamed ROSHN Waterfront in 2022, contains a range of amenities, attractions and entertainment activities. More…
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Saudi Arabia’s Public Investment Fund has been named the world’s most valuable sovereign wealth with a brand value of $1.1 billion, according to an analysis. In its latest report, UK-based strategic consultancy Brand Finance revealed…
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Saudi Arabia’s pursuit of a sustainable manufacturing hub gains momentum as Alat partners with Lenovo Group to establish a facility and invest $2 billion through zero-coupon convertible bonds. As part of the agreement, the Chinese firm…
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Citizens will have easier access to home loans as the Saudi Real Estate Refinance Co. extends its refinancing agreement with Arab National Bank (ANB), adding SR500 million ($133 million). This is the second deal of its kind between the…
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The Saudi Red Sea Authority issued on Tuesday the first maritime tourism agent license for Cruise Saudi, owned by the Public Investment Fund. Mohammed Bukhari, the VP for Coastal Tourism Operations in the Saudi Red Sea Authority, handed…
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