Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Banking & Finance Saudi wealth fund PIF secures ‘record’ $17bn loan The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fun, announced on Wednesday that it has secured a new $17 billion, seven-year senior unsecured term loan. According to PIF, this represents the largest self-arranged term loan ever raised for general corporate purposes. It added that it is supported by “significant demand” from an international syndicate […] November 30, 2022 Manufacturing Saudi’s Ceer spends $96m on plot for electric car factory Ceer, Saudi Arabia’s first electric vehicle brand, has spent nearly $96 million on an industrial plot at King Abdullah Economic City. In a stock market filing on Saudi’s Tadawul, developer Emaar Economic City said a land sale deal had been signed and KAEC’s Industrial Valley would host a “specialised factory” to manufacture electric vehicles. Ceer […] November 29, 2022 Saudi Arabia Vision 2030 Saudi plans to create global ‘aerotropolis’ with new airport Saudi Arabia has drawn up a masterplan for King Salman International Airport, a major transport hub expected to span 57 sq km and boost annual passenger numbers from the current 29 million to 120 million by 2030. The new airport in the kingdom’s capital city Riyadh is intended to be one of the largest in […] November 29, 2022 Exclusive Manufacturing UAE’s automotive giant OWS to establish Saudi facility in Q1 2023 OWS Automotive, the global automotive service provider with a major presence in the UAE, has signed an agreement with King Abdullah Economic City (KAEC) in Saudi Arabia to establish its head office and main facility there. The agreement will see the two groups provide vehicle remanufacturing, assembly, upgrade and reset facilities within the city, ultimately creating […] November 24, 2022 Analysis Business of Sport Saudi’s World Cup shock is ‘major step’ for Vision 2030 investment Saudi Arabia’s shock victory over Argentina in the FIFA World Cup in Qatar is proof that the country’s Vision 2030 strategy is working and will encourage leaders to continue to make huge investments in the sports sector, according to experts. The Ministry of Sport and Ministry of Tourism have set an ambitious target for sports […] November 23, 2022 Player 2 has entered the game – Mena eyes $5bn e-sports prize Sunday was a big day for sports fans in the Middle East. With the eyes of the media trained on the World Cup opener in Qatar and the final race of the Formula One season in Abu Dhabi, it was easy to overlook the e-sports grand final taking place in Dubai. It would be wise […] November 22, 2022 Long read Business of Sport World Cup puts focus on Gulf’s business of sport and reputation On Sunday evening, Qatar will take on Ecuador in the opening game of the 2022 World Cup – and the eyes of the world will turn to the Gulf for four weeks. The final on December 18 is due to be watched by 80,000 fans in the Lusail stadium and a television audience that could […] November 20, 2022 Analysis Development Ooredoo’s PIF deal is the latest in the ‘big telco tower sell-off’ State-owned Qatari telecoms firm Ooredoo’s planned sale of nearly 20,000 towers has attracted bids from some of the biggest names in the business. American Tower Corp, IHS Holding, Helios Towers and Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), are all competing for the acquisition, according to reports by Bloomberg. The newswire cited […] November 15, 2022 Opinion Sustainability Sharm El Sheikh: Good cop, bad cop The practical plans of the Saudi oil producers at Cop27 compared favourably with the more heated debates and protests at the climate summit November 14, 2022 Logistics Noon to build UAE’s largest e-commerce fulfilment centre E-commerce platform Noon.com will build the UAE’s largest fulfilment centre in Abu Dhabi as part of an anchor investment into the emirate’s fast-growing e-commerce space, the UAE state-owned WAM news agency reported. The 252,000 square metres facility will be developed in collaboration with Abu Dhabi Investment Office (ADIO), fuelling the next phase of growth in […] November 11, 2022 Posts navigation Previous 1 … 85 86 87 … 94 Next
Banking & Finance Saudi wealth fund PIF secures ‘record’ $17bn loan The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fun, announced on Wednesday that it has secured a new $17 billion, seven-year senior unsecured term loan. According to PIF, this represents the largest self-arranged term loan ever raised for general corporate purposes. It added that it is supported by “significant demand” from an international syndicate […] November 30, 2022
Manufacturing Saudi’s Ceer spends $96m on plot for electric car factory Ceer, Saudi Arabia’s first electric vehicle brand, has spent nearly $96 million on an industrial plot at King Abdullah Economic City. In a stock market filing on Saudi’s Tadawul, developer Emaar Economic City said a land sale deal had been signed and KAEC’s Industrial Valley would host a “specialised factory” to manufacture electric vehicles. Ceer […] November 29, 2022
Saudi Arabia Vision 2030 Saudi plans to create global ‘aerotropolis’ with new airport Saudi Arabia has drawn up a masterplan for King Salman International Airport, a major transport hub expected to span 57 sq km and boost annual passenger numbers from the current 29 million to 120 million by 2030. The new airport in the kingdom’s capital city Riyadh is intended to be one of the largest in […] November 29, 2022
Exclusive Manufacturing UAE’s automotive giant OWS to establish Saudi facility in Q1 2023 OWS Automotive, the global automotive service provider with a major presence in the UAE, has signed an agreement with King Abdullah Economic City (KAEC) in Saudi Arabia to establish its head office and main facility there. The agreement will see the two groups provide vehicle remanufacturing, assembly, upgrade and reset facilities within the city, ultimately creating […] November 24, 2022
Analysis Business of Sport Saudi’s World Cup shock is ‘major step’ for Vision 2030 investment Saudi Arabia’s shock victory over Argentina in the FIFA World Cup in Qatar is proof that the country’s Vision 2030 strategy is working and will encourage leaders to continue to make huge investments in the sports sector, according to experts. The Ministry of Sport and Ministry of Tourism have set an ambitious target for sports […] November 23, 2022
Player 2 has entered the game – Mena eyes $5bn e-sports prize Sunday was a big day for sports fans in the Middle East. With the eyes of the media trained on the World Cup opener in Qatar and the final race of the Formula One season in Abu Dhabi, it was easy to overlook the e-sports grand final taking place in Dubai. It would be wise […] November 22, 2022
Long read Business of Sport World Cup puts focus on Gulf’s business of sport and reputation On Sunday evening, Qatar will take on Ecuador in the opening game of the 2022 World Cup – and the eyes of the world will turn to the Gulf for four weeks. The final on December 18 is due to be watched by 80,000 fans in the Lusail stadium and a television audience that could […] November 20, 2022
Analysis Development Ooredoo’s PIF deal is the latest in the ‘big telco tower sell-off’ State-owned Qatari telecoms firm Ooredoo’s planned sale of nearly 20,000 towers has attracted bids from some of the biggest names in the business. American Tower Corp, IHS Holding, Helios Towers and Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), are all competing for the acquisition, according to reports by Bloomberg. The newswire cited […] November 15, 2022
Opinion Sustainability Sharm El Sheikh: Good cop, bad cop The practical plans of the Saudi oil producers at Cop27 compared favourably with the more heated debates and protests at the climate summit November 14, 2022
Logistics Noon to build UAE’s largest e-commerce fulfilment centre E-commerce platform Noon.com will build the UAE’s largest fulfilment centre in Abu Dhabi as part of an anchor investment into the emirate’s fast-growing e-commerce space, the UAE state-owned WAM news agency reported. The 252,000 square metres facility will be developed in collaboration with Abu Dhabi Investment Office (ADIO), fuelling the next phase of growth in […] November 11, 2022
