French President joins PIF Governor Al-Rumayyan to inaugurate Paris office during ‘Choose France’ summit
PIF
Latest in PIF
Hyundai
Hyundai breaks ground on 50,000 car a year factory in Saudi Arabia
Hyundai and PIF team up to build car manufacturing plant in Saudi Arabia
aircraft leasing
Saudi aircraft lessor AviLease orders 30 Boeing 737-8 jets
The deal is reinforcing AviLease’s goal of becoming a top 10 global leasing company
Golf
PIF to offer $13mn purse in ladies golf’s revamped Global Series
Five tournaments in Riyadh, Seoul, London, Houston and Shenzhen are part of the PIF Global Series on Ladies European Tour this year
Blacklane
Blacklane expands into Saudi Arabia
The company said its entry into the Saudi market is aimed at supporting Vision 2030 through job creation and the development of local talent
PIF
Saudi PIF-backed sarcc selects Turner & Townsend for employee housing development
Sarcc, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), aims to meet the growing demand for accommodation solutions for both public and private projects throughout the country
Abu Dhabi Development Holding Company
Sovereign wealth fund assets to hit $18tn by 2030 as Gulf leads global growth
UAE and Saudi Arabia lead SWF growth as Gulf countries see massive investment outlays
Gaming
Saudi Arabia’s Scopely buys Pokémon Go-maker Niantic Labs for $3.5bn
Saudi gaming giant buys Niantic Labs, the maker of Pokémon Go
Goldman Sachs
PIF and Goldman Sachs team up to bring major investments to Saudi Arabia
Saudi Arabia’s PIF and Goldman Sachs Asset Management sign deal to bring private credit and public equity investments to Saudi Arabia
PIF
Saudi PIF-backed SURJ Sports Investment acquires minority stake in DAZN
The partnership aims to strengthen Saudi Arabia as a leading market for sports investments, while capitalising on the significant growth in demand for high-quality sports broadcasting.
Ministry of economy and planning
Saudi Arabia to invest $1tn in infrastructure by 2030
Saudi Minister of Economy and Planning shares ambitious $1tn investment target
Ceer
Saudi EV firm Ceer signs $1.5bn of deals at PIF forum
Ceer provides major localisation boost after signing $1.5bn of EV deals in Saudi Arabia
PIF
PIF announces $7bn murabaha credit facility in Saudi Arabia
Saudi Arabia’s Public Investment Fund agrees $7bn credit facility with 20 international financial institutions
al ahli
Saudi Pro League opens January 2025 transfer window
Saudi Pro League allows clubs to sign players to strengthen squads
PIF
Saudi Public Investment Fund assets soar 37% to $42.6bn
International and domestic public investment fund assets in Saudi Arabia witnessed significant growth in 2024
entertainment destinations
Saudi Arabia’s SEVEN announces new $346mn entertainment destination
Set to be located in Jazan, the flagship destination will span over 60,000 square metres with entertainment and recreational facilities
agritourism destination
PIF-backed Dan Company, Al-Tamimi contracting to develop luxury resorts in Al Ahsa
The project, set to span 1.8 million square metres, will feature 201 accommodation units, including hotel rooms and high-end villas with private pools