Public Investment Fund (PIF)
Public Investment Fund (PIF) News
- Opinion
- Economy
Hindenburg affair is chastening for both Adani and India Inc
Lessons learned from how allegations of sharp practices can cause billions of dollars of losses
Qatari investors latest to be linked with Manchester United
Investors from Qatar could be on the verge of a multi-billion dollar bid for English Premier League club Manchester United, according to newspaper reports. Quoting unnamed sources, the UK’s Daily Mail said the investors were “a group of private, high wealth individuals” from Qatar. It is unclear whether that would refer to Qatar Sports Investments […]
English football ‘shake-up’ will not deter Middle East investors
A shake-up of ownership rules in English football is unlikely to put off Middle East investors, industry analysts have said. On Thursday, British tabloid The Sun reported that it had seen a leaked copy of the UK government’s football white paper, stating that takeovers of football clubs could be blocked if the prospective owners could […]
PIF and AeroFarms to build indoor vertical farms across Mena
The Public Investment Fund (PIF) has signed a joint venture agreement with AeroFarms, a US-based sustainable indoor agriculture company, to build and operate indoor vertical farms across the wider Middle East and North Africa (Mena) region through a newly-established company in Riyadh. The agreement will optimise the utilisation of natural resources, including water and agricultural […]
Gulf project contracts to hit $110bn this year
A combined $110 billion worth of project contracts are expected to be awarded in the GCC this year, with Saudi Arabia accounting for more than half of the total as it ramps up its Vision 2030 economic diversification plans. Saudi Arabia make up $64 billion of the combined value, followed by the UAE ($23 billion), […]
Saudi Arabia launches stopover visa as airlines ramp up capacity
Saudi Arabia has announced the launch of a new stopover visa for tourists as airlines are expected to significantly increase capacity on routes to the kingdom. The free-of-charge visa is open to a wider number of countries than the tourism e-visa and is Saudi Arabia’s latest move to make the destination more accessible. The launch […]
- Exclusive
- Manufacturing
Cars, property and superjets: Pagani plots future with PIF
Horacio Pagani, founder of the supercar that bears his name, is open to further partnerships with Saudi Arabia’s Public Investment Fund as his company expands into luxury real estate and private jet design. PIF acquired a 30 percent stake in the Italian business in 2021. Pagani, who acts as its CEO and chief design officer, […]
Olayan and Canoo sign deal for electric vehicles in Saudi
Saudi Arabian general contracting company GCC Olayan has signed a deal with US electric vehicles maker Canoo for the sale, service and distribution in the kingdom of its EVs. Part of Saudi conglomerate The Olayan Group, GCC Olayan said the partnership was the first step in plans to expand beyond the initial dealership agreement, with […]
- Analysis
- Business of Sport
Middle East continues to dominate football’s rich list
Nine of the top 20 clubs in football’s rich list have investment links to the Middle East – and analysts are predicting that Gulf ties will increase in the next few years. Abu Dhabi’s Manchester City retained the No 1 spot in the latest edition of the Deloitte Football Money League, with revenue of €731 […]
Management consultancy for PIF said to list on Saudi market
Saudi-based management consultancy TAM Development Co. is planning an initial public offering (IPO) in the first half of the year, Bloomberg reported, citing CEO Abdullah Yousef. TAM is planning to list on the kingdom’s small-cap market, he added, with plans to move to the main exchange within two years. The consultancy derives most of its […]