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Saudi Public Investment Fund
Latest in Saudi Public Investment Fund
electric carmaker
Saudi wealth fund ‘supportive’ during supply crunch: electric carmaker Lucid
The supply crunch forced the Newark, California-based startup to cut two production targets this year
Egypt
Saudi Arabia’s PIF unit spends $1.3 billion to buy stakes in four Egypt-listed firms
Egypt turned to Gulf countries and the private sector for financial aid as it continues to be affected largely by the Ukraine-Russia conflict
Kingdom Holding
Saudi Arabia’s PIF buys 16.9 percent stake worth $1.5 billion in Prince Alwaleed Bin Talal’s firm
Prince Alwaleed will retain a 78.13 percent holding in KHC, with the remaining 5 percent of the stock listed on the Saudi bourse
community developer
Saudi’s ROSHN marks key construction milestone of 10 million safe man-hours without LTI on Riyadh project
An estimated 4,000 employees and contractors have worked at ROSHN’s SEDRA 1 site since its inception, and the company has invested approximately 50,000 hours in training to ensure a high level of operational safety
PIF
Saudi sovereign fund PIF completes $140m deal for stake in port terminal
Public Investment Fund, Cosco Shipping each acquire 20% stake in Red Sea Gateway Terminal Limited
entertainment city
Video: Qiddiya, Saudi Arabia’s epic entertainment city explained
Described as Saudi Arabia’s “capital of entertainment, sports, and the arts”, the 334km2 Qiddiya gigaproject is among the biggest construction projects to be developed starting 2019, and Construction Week was given access by operator Qiddiya Investment Co (QIC) to tour the site of the Six Flags theme park that will be built in Saudi Arabia in the months to come.
David McKillips
Gallery: Six Flags Qiddiya theme park designs unveiled
Six Flags Qiddiya will cover 32 hectares and include 28 rides and attractions across six themed lands including The City of Thrills, Discovery Springs, Steam Town, Twilight Gardens, Valley of Fortune and Grand Exposition
David McKillips
Saudi Arabia’s Six Flags Qiddiya to feature world’s fastest roller coaster
Six Flags Qiddiya will have 12 record-breaking rides and attractions when it opens in 2023
Ali Parsa
Saudi PIF to invest in UK provider Babylon Health – report
Funding believed to be for Middle East, China and US expansion plans
Amaala
Five things to know about the Saudi Arabia’s Amaala luxury resort
Amaala aims to create an all-new concept for tourism focusing on wellness, healthy living and meditation.
GCC construction
Video: CEO John Pagano updates on The Red Sea Project progress
The Red Sea Project is one of Saudi Arabia’s most high profile giga-projects to have been announced over the past two years.
Asset Management
Saudi Arabia’s PIF agrees to terms for $10bn loan – report
10 banks have committed to provide the short-term loan to the Public Investment Fund, according to the Financial Times
OYO Hotels & Homes
India’s Oyo Hotels eyes Saudi expansion, says CEO
Oyo CEO Ritesh Agarwal said that the firm believes it will hit its goal of creating 5,000 jobs for Saudis earlier than expected
bond market
Saudi investments in US bonds increase to $170bn
The Institute of International Finance estimates the Public Investment Fund’s assets at around $300 billion
LTFR mortgage loans
Saudi Arabia’s SRC reduces rates for long-term, fixed rate mortgages
The move is aimed at supporting the growth of the kingdom’s secondary mortgage market