Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Agriculture PIF’s newest target is the $15bn global dates industry Saudi Arabia’s Public Investment Fund (PIF) has established a new company to improve the production capacity of Ajwa dates in the Madinah region and expand their global market presence. Al Madinah Heritage Company (MHC) will help develop the Saudi food and agriculture industry, driving the diversification of the economy in line with Vision 2030, the […] July 24, 2023 EXCLUSIVE Tourism Aseer province is Saudi’s next untapped tourism hotspot The mountainous region of Aseer is Saudi Arabia’s next target for tourism investment, according to one of the kingdom’s most prominent industry leaders. Developing Aseer and encouraging repeat visits will be key to helping the kingdom meet its tourism goals, said Salman Gassim, government advisor and chief executive of Riyadh-headquartered Swiss Hospitality Company. Gassim, whose […] July 24, 2023 Renewable Energy PIF and Japan’s Jera explore green hydrogen projects Saudi Arabia’s Public Investment Fund (PIF) and Japanese energy company Jera Co. have signed a memorandum of understanding (MoU) to explore the development of green hydrogen projects and derivatives. The MoU allows the two companies to commence the necessary studies for projects in Saudi Arabia to support domestic and international markets. Jera established Jera Middle […] July 21, 2023 Analysis Agriculture Saudi’s wealth fund enters $7.3bn camel dairy market Saudi Arabia’s Public Investment Fund has established a company to produce and distribute camel milk and other dairy products. Named Sawani, the company is intended to help PIF grow the kingdom’s camel farming industry, in line with Vision 2030 goals to expand the food and agricultural sectors. The global camel dairy market was estimated to […] July 20, 2023 Food & Drink PIF unit buys $339m stake in Brazilian food processor A subsidiary of Saudi Arabia’s Public Investment Fund (PIF) has invested in Brazilian food processor BRF as part of its drive to boost food security in the kingdom. Saudi Agricultural and Livestock Investment Company (Salic) has acquired 180 million equity shares in BRF, representing 10.7 percent of the company’s outstanding shares, for SAR1.27 billion ($338.77 million). The […] July 20, 2023 Renewable Energy Masdar and Adnoc agree trio of green hydrogen deals Abu Dhabi renewable energy company Masdar has agreed a deal with two Japanese energy and chemicals firms to explore production of commercial-scale polypropylene made from carbon dioxide and green hydrogen in the UAE. Masdar has teamed up with Japan’s Mitsubishi Chemical Group Corporation and Inpex Corporation, a Japanese oil and gas company. They have signed […] July 18, 2023 Renewable Energy Financing agreed for $2.2bn Saudi solar project Financing agreements worth $2.2 billion have been finalised and signed to build one of the world’s largest single site solar power projects in Saudi Arabia. ACWA Power Co announced the deal for Al Shuaibah 1 and Al Shuaibah 2 PV projects in Mecca province, saying they will be funded by a combination of long-term debt […] July 17, 2023 Aviation Emirates builds Saudi profile as Riyadh Air nears take-off Emirates has signed up as the main sponsor and official airline of the King Salman Club Cup 2023. The deal will give the Dubai-based airline extensive brand visibility in stadiums and marketing for the football tournament, which is being held as a new Saudi carrier, Riyadh Air, gears up for launch. Riyadh Air, wholly owned […] July 17, 2023 Aviation Riyadh Air receives half a million job applications Saudi Arabia’s new airline Riyadh Air has received almost half a million job applications since the carrier was announced to the world in March this year. Wholly owned by Saudi’s Public Investment Fund, Riyadh Air forms part of ambitious plans by the kingdom to boost the number of passengers through its 29 airports from 100 […] July 14, 2023 Real Estate Saudi’s new mortgage scheme to encourage homebuyers Saudi Arabia has launched a new mortgage guarantee services firm in an effort to increase home ownership among nationals. The Saudi Real Estate Development Fund (REDF) has launched Dhamanat, a wholly owned subsidiary, with SAR18 billion ($4.7 billion) in capital to provide insurance, alongside mortgages. Mortgage issuance fell by more than one third year-on-year in […] July 14, 2023 Posts navigation Previous 1 … 70 71 72 … 93 Next
Agriculture PIF’s newest target is the $15bn global dates industry Saudi Arabia’s Public Investment Fund (PIF) has established a new company to improve the production capacity of Ajwa dates in the Madinah region and expand their global market presence. Al Madinah Heritage Company (MHC) will help develop the Saudi food and agriculture industry, driving the diversification of the economy in line with Vision 2030, the […] July 24, 2023
EXCLUSIVE Tourism Aseer province is Saudi’s next untapped tourism hotspot The mountainous region of Aseer is Saudi Arabia’s next target for tourism investment, according to one of the kingdom’s most prominent industry leaders. Developing Aseer and encouraging repeat visits will be key to helping the kingdom meet its tourism goals, said Salman Gassim, government advisor and chief executive of Riyadh-headquartered Swiss Hospitality Company. Gassim, whose […] July 24, 2023
Renewable Energy PIF and Japan’s Jera explore green hydrogen projects Saudi Arabia’s Public Investment Fund (PIF) and Japanese energy company Jera Co. have signed a memorandum of understanding (MoU) to explore the development of green hydrogen projects and derivatives. The MoU allows the two companies to commence the necessary studies for projects in Saudi Arabia to support domestic and international markets. Jera established Jera Middle […] July 21, 2023
Analysis Agriculture Saudi’s wealth fund enters $7.3bn camel dairy market Saudi Arabia’s Public Investment Fund has established a company to produce and distribute camel milk and other dairy products. Named Sawani, the company is intended to help PIF grow the kingdom’s camel farming industry, in line with Vision 2030 goals to expand the food and agricultural sectors. The global camel dairy market was estimated to […] July 20, 2023
Food & Drink PIF unit buys $339m stake in Brazilian food processor A subsidiary of Saudi Arabia’s Public Investment Fund (PIF) has invested in Brazilian food processor BRF as part of its drive to boost food security in the kingdom. Saudi Agricultural and Livestock Investment Company (Salic) has acquired 180 million equity shares in BRF, representing 10.7 percent of the company’s outstanding shares, for SAR1.27 billion ($338.77 million). The […] July 20, 2023
Renewable Energy Masdar and Adnoc agree trio of green hydrogen deals Abu Dhabi renewable energy company Masdar has agreed a deal with two Japanese energy and chemicals firms to explore production of commercial-scale polypropylene made from carbon dioxide and green hydrogen in the UAE. Masdar has teamed up with Japan’s Mitsubishi Chemical Group Corporation and Inpex Corporation, a Japanese oil and gas company. They have signed […] July 18, 2023
Renewable Energy Financing agreed for $2.2bn Saudi solar project Financing agreements worth $2.2 billion have been finalised and signed to build one of the world’s largest single site solar power projects in Saudi Arabia. ACWA Power Co announced the deal for Al Shuaibah 1 and Al Shuaibah 2 PV projects in Mecca province, saying they will be funded by a combination of long-term debt […] July 17, 2023
Aviation Emirates builds Saudi profile as Riyadh Air nears take-off Emirates has signed up as the main sponsor and official airline of the King Salman Club Cup 2023. The deal will give the Dubai-based airline extensive brand visibility in stadiums and marketing for the football tournament, which is being held as a new Saudi carrier, Riyadh Air, gears up for launch. Riyadh Air, wholly owned […] July 17, 2023
Aviation Riyadh Air receives half a million job applications Saudi Arabia’s new airline Riyadh Air has received almost half a million job applications since the carrier was announced to the world in March this year. Wholly owned by Saudi’s Public Investment Fund, Riyadh Air forms part of ambitious plans by the kingdom to boost the number of passengers through its 29 airports from 100 […] July 14, 2023
Real Estate Saudi’s new mortgage scheme to encourage homebuyers Saudi Arabia has launched a new mortgage guarantee services firm in an effort to increase home ownership among nationals. The Saudi Real Estate Development Fund (REDF) has launched Dhamanat, a wholly owned subsidiary, with SAR18 billion ($4.7 billion) in capital to provide insurance, alongside mortgages. Mortgage issuance fell by more than one third year-on-year in […] July 14, 2023
