Based in Yanbu, the new unit will be one of the Middle East’s largest and most advanced smelting and continuous-casting technologies
Public Investment Fund
Latest in Public Investment Fund
New Murabba
US engineering firm Parsons wins lead infrastructure role at New Murabba
Appointment covers utilities, mobility and transport networks for mixed-use development in Riyadh
acquisition
Hollywood-hungry Gulf states bankroll Paramount’s Warner Bros bid
Gulf sovereign funds rarely join forces on single takeovers
New Murabba
New Murabba partners USGBC to get LEED certification across the development
The 14 million sqm development in Riyadh has also joined USGBC as a Platinum member, further showing its commitment to sustainability leadership
Amazon Web Services
AWS and HUMAIN to deploy up to 150,000 AI accelerators in Saudi Arabia
The companies announced the plan at the US-Saudi Investment Forum
Cityscape Global
New MoU will deliver world-class schools to Saudi Arabia
Agreement between Cognita Middle East and ROSHN Group set to develop innovative, high-quality educational facilities across the Kingdom
Public Investment Fund
Saudi firms cut expat salary premiums as hiring slows and priorities shift
Recruiters say foreign pay packages are now more measured as the Kingdom redirects spending and competition for jobs increases, according to a Reuters report
Amaala
EXCLUSIVE: Hotelier Sir Rocco Forte confirms plans for first property in Saudi Arabia’s Red Sea project
Rocco Forte Hotels is preparing its Saudi Arabia debut with projects planned in Riyadh and the Red Sea, though the chairman said details remain under discussion
Public Investment Fund
EXCLUSIVE: Sir Rocco Forte says Gulf ties key to growth as more UK millionaires invest abroad
“The PIF are very good people to work with,” says British hotelier Sir Rocco Forte, who credits Gulf partnerships for powering his company’s global growth as more UK millionaires move assets abroad
LIV Golf
Another massive change for Saudi PIF-backed LIV Golf as it goes 72 holes
Team competition and entertainment remain central to the LIV Golf League, but it will become a four-day tournament
LIV Golf
Saudi PIF-backed LIV Golf increases pathways to the cash-rich League
Additional qualifying spots now on offer through LIV Golf promotions and the International Series on the Asian Tour
Future Investment Initiative
Saudi’s PIF entering returns-driven phase as private sector takes larger role, expert says
Bain’s Gregory Garnier says PIF is adopting a more phased approach to giga-projects to protect returns, while redirecting capital from real estate to strategic sectors better suited to sovereign investment
Future Investment Initiative
AI firm Humain targets dual IPO in Saudi Arabia and US within 4 years
CEO says Humain’s financial roadmap includes a plan for shares to trade both on the Saudi stock exchange and Nasdaq
Artificial intelligence
Saudi Aramco to acquire minority stake in PIF-backed AI firm Humain
The deal remains subject to definitive documentation, regulatory approvals and customary closing conditions
Davos in the Desert
Saudi Arabia’s FII drives $250 billion in deals since 2017, says PIF governor
Yasir Al-Rumayyan says $31.7 billion in FDI flowed into Saudi Arabia in 2024, up 24% year on year, as the kingdom deepens global economic engagement amid rising optimism in the Global South
agricultural investments
Saudi’s SALIC and Syngenta to cooperate on enhancing global food security
The two companies to explore joint projects in sustainable farming, digital agriculture, soil health, crop protection solutions, and other areas
Alibaba Group
Saudi’s PIF sold its entire holding in Meta, Shopify, FedEx and Alibaba in Q2
Its biggest three holdings now are Uber, Lucid and Electronic Arts after paring exposure to US market to $23.8 billion
