Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Saudi Arabia taps into Hong Kong AI firm SenseTime, a Hong Kong-based AI software giant, will launch a joint venture in Saudi Arabia as part of the kingdom’s plan to be among the world’s top 15 countries for the adoption of artificial intelligence by 2030. The Saudi Company for Artificial Intelligence (SCAI), a wholly owned subsidiary of the Public Investment Fund (PIF), today […] September 13, 2022 Tourism PIF eyes $400m investment in Saudi travel giant Almosafer Riyadh's Public Investment Fund could acquire a 30 percent stake in the tourism group, which has reported record growth in the second quarter September 13, 2022 Saudi bets $80m in gaming sector push Saudi Arabia’s National Development Fund (NDF) has announced a SR300 million ($80m) fund to help develop the gaming and e-sports sector in the kingdom. The budget aims to position Saudi Arabia as a global gaming hub, increasing the sector’s contribution to the gross domestic product (GDP) by providing career paths and new job opportunities as […] September 8, 2022 Banking & Finance Saudi wealth fund set to close $11bn refinance deal Saudi Arabia’s Public Investment Fund (PIF) will refinance an $11 billion loan and significantly increase the borrowing size, Bloomberg reported, citing people familiar with the matter. The sovereign wealth fund will use a significant portion of the loan to refinance debt maturing next year. The final terms are yet to be decided, the report said. […] September 7, 2022 Business of Sport Saudi Arabia signs MotoGP deal as sporting push accelerates Saudi Motorsport Company and MotoGP rights holder Dorna Sports have signed a memorandum of understanding for a race in the kingdom September 6, 2022 Real Estate PIF launches digital platform for Saudi Arabia’s real estate sector Saudi Arabia’s Public Investment Fund (PIF) has launched the National Real Estate Registration Services Company (RER), a new digital platform which aims to develop the kingdom’s local real estate sector. The platform will be developed in cooperation with the Real Estate General Authority, and other government entities, the sovereign wealth fund said in a statement. […] September 5, 2022 Analysis Development Accountability ‘crucial’ for success of Saudi Vision 2030 Saudi Arabia is entering a “crucial” part of its ambitious Vision 2030 programme as the kingdom begins to deliver on its promises, described by a leading expert as the “moment of accountability”. Pedro Ribeiro, the recently appointed general manager for commercial real estate services and investment firm CBRE in Saudi Arabia, told AGBI that the […] September 1, 2022 Analysis Economy Britain looks to the Gulf as recession looms At the height of a long hot summer of discontent, the decision by PIF, Saudi Arabia’s sovereign wealth fund, to take a stake in Aston Martin came as welcome relief to British industry. As inflation soars and recession looms in the UK, it is hoped the £78 million pledge not only signals a turnaround for […] August 26, 2022 Real Estate Saudi’s Rua Al Madinah project to add 47,000 hotel rooms by 2030 Saudi Arabia’s Crown Prince Mohammed bin Salman has launched the infrastructure works and master plan for the Rua Al Madinah project, the state-owned Saudi Press Agency (SPA) reported. The project will cover 1.5 million square metres of land east of the Prophet’s Mosque, adding over 47,000 hotel rooms by 2030. Almost 83,000 square metres of […] August 25, 2022 Banking & Finance PIF-backed real estate refinance firm to acquire $133m portfolio Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund, has signed an agreement with Riyad Bank to acquire SAR500 million ($133.13 million) worth of real estate financing portfolio. The agreement is the second largest mortgage refinancing deal in the kingdom, the company said in a statement. Fabrice Susini, CEO of SRC, […] August 19, 2022 Posts navigation Previous 1 … 88 89 90 … 93 Next
Saudi Arabia taps into Hong Kong AI firm SenseTime, a Hong Kong-based AI software giant, will launch a joint venture in Saudi Arabia as part of the kingdom’s plan to be among the world’s top 15 countries for the adoption of artificial intelligence by 2030. The Saudi Company for Artificial Intelligence (SCAI), a wholly owned subsidiary of the Public Investment Fund (PIF), today […] September 13, 2022
Tourism PIF eyes $400m investment in Saudi travel giant Almosafer Riyadh's Public Investment Fund could acquire a 30 percent stake in the tourism group, which has reported record growth in the second quarter September 13, 2022
Saudi bets $80m in gaming sector push Saudi Arabia’s National Development Fund (NDF) has announced a SR300 million ($80m) fund to help develop the gaming and e-sports sector in the kingdom. The budget aims to position Saudi Arabia as a global gaming hub, increasing the sector’s contribution to the gross domestic product (GDP) by providing career paths and new job opportunities as […] September 8, 2022
Banking & Finance Saudi wealth fund set to close $11bn refinance deal Saudi Arabia’s Public Investment Fund (PIF) will refinance an $11 billion loan and significantly increase the borrowing size, Bloomberg reported, citing people familiar with the matter. The sovereign wealth fund will use a significant portion of the loan to refinance debt maturing next year. The final terms are yet to be decided, the report said. […] September 7, 2022
Business of Sport Saudi Arabia signs MotoGP deal as sporting push accelerates Saudi Motorsport Company and MotoGP rights holder Dorna Sports have signed a memorandum of understanding for a race in the kingdom September 6, 2022
Real Estate PIF launches digital platform for Saudi Arabia’s real estate sector Saudi Arabia’s Public Investment Fund (PIF) has launched the National Real Estate Registration Services Company (RER), a new digital platform which aims to develop the kingdom’s local real estate sector. The platform will be developed in cooperation with the Real Estate General Authority, and other government entities, the sovereign wealth fund said in a statement. […] September 5, 2022
Analysis Development Accountability ‘crucial’ for success of Saudi Vision 2030 Saudi Arabia is entering a “crucial” part of its ambitious Vision 2030 programme as the kingdom begins to deliver on its promises, described by a leading expert as the “moment of accountability”. Pedro Ribeiro, the recently appointed general manager for commercial real estate services and investment firm CBRE in Saudi Arabia, told AGBI that the […] September 1, 2022
Analysis Economy Britain looks to the Gulf as recession looms At the height of a long hot summer of discontent, the decision by PIF, Saudi Arabia’s sovereign wealth fund, to take a stake in Aston Martin came as welcome relief to British industry. As inflation soars and recession looms in the UK, it is hoped the £78 million pledge not only signals a turnaround for […] August 26, 2022
Real Estate Saudi’s Rua Al Madinah project to add 47,000 hotel rooms by 2030 Saudi Arabia’s Crown Prince Mohammed bin Salman has launched the infrastructure works and master plan for the Rua Al Madinah project, the state-owned Saudi Press Agency (SPA) reported. The project will cover 1.5 million square metres of land east of the Prophet’s Mosque, adding over 47,000 hotel rooms by 2030. Almost 83,000 square metres of […] August 25, 2022
Banking & Finance PIF-backed real estate refinance firm to acquire $133m portfolio Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund, has signed an agreement with Riyad Bank to acquire SAR500 million ($133.13 million) worth of real estate financing portfolio. The agreement is the second largest mortgage refinancing deal in the kingdom, the company said in a statement. Fabrice Susini, CEO of SRC, […] August 19, 2022
