Investment

During a prominent industry event in Riyadh, the Public Investment Fund (PIF) Governor Yasir Al-Rumayyan conveyed Saudi Arabia's plans to escalate the nation's mineral wealth from a staggering US$1.3 trillion to an ambitious $1.5 trillion target. The disclosure came at the third annual Future Minerals Forum (FMF), conducted on January 10-11, which saw Al-Rumayyan discussing the expansive efforts of Ma'aden,...

In a significant milestone, Saudi Arabia has emerged as the leader in venture capital (VC) investments within the Middle East and North Africa (MENA) for the year 2023. Data from MAGNiTT, a venture data platform focused on the MENA region, highlights this momentous achievement. These strides in economic expansion are in alignment with Saudi Vision 2030, a strategic framework aimed...

At the close of 2023, Saudi Arabia affirmed its status as a primary hub for venture capital in the Middle East and North Africa (MENA), witnessing a historic surge in startup funding. The month of December alone saw an inflow of $1.15 billion into the region's startups, as reported by Wamda in conjunction with Digital Digest. This represents an 825...

The Saudi Arabian realm of educational technology, or EduTech, has emerged as a vibrant and lucrative arena for investment. With a strategic focus on integrating technology within educational frameworks, the Saudi government has been spearheading various initiatives to bolster the growth of EduTech. Investors—both from within the Kingdom and beyond—are discovering a plethora of prospects within Saudi Arabia's burgeoning EduTech...

The industrial landscape in Saudi Arabia has displayed a promising uptick, with investment levels experiencing a 1.5% quarter-over-quarter increase, reaching an estimated SAR 1.5 trillion at the conclusion of Q3 2023. This surge in investment marks a significant rise from the SAR 1.4 trillion recorded at the end of the second quarter of 2023, illustrating a robust 9.3% year-on-year growth...

Riyadh's Ambitious Energy Projects: A Push for Sustainability The Saudi Power Procurement Company (SPPC) has initiated a call for tenders for the construction of four independent power plants. These facilities are poised to contribute a substantial 7,200 megawatts to the nation's electricity supply. Strategically located, two plants named Rumah1 and Rumah2 will be established in the central region, while Nairyah1...

The Public Investment Fund (PIF) of Saudi Arabia, which possesses an asset base nearing $800 billion, aims to rise to the pinnacle of global sovereign wealth funds by the year 2030. In pursuit of this goal, the PIF led the charge in government sovereign wealth fund spending throughout 2023, pouring a staggering $31.6 billion into 49 distinct transactions. A recent...

In a year marked by cautious spending among many sovereign investors, the Public Investment Fund (PIF) of Saudi Arabia distinguished itself by significantly expanding its investment activities, outpacing its global counterparts. The PIF, recognized for its aggressive investment strategy, channeled an impressive $31.6 billion into various ventures in 2023, as reported by the research consultancy Global SWF. This not only...

The investment activities of the Saudi Arabian Public Investment Fund (PIF) have seen a marked uptick, with the sovereign wealth fund deploying approximately $31.5 billion in various markets throughout 2023. This figure represents nearly one-fourth of the total $123.8 billion invested globally by sovereign wealth funds, as indicated by the Global SWF's initial report for the year. The PIF has...

In a significant display of financial activity, three sovereign wealth funds from the United Arab Emirates collectively invested $36.5 billion in 2023, as reported by Global SWF in their annual review for 2024. Mubadala, based in Abu Dhabi, was a standout, securing the third position among the world's top ten SWFs with investments totaling $17.5 billion. Not far behind, the...

In Saudi Arabia, the private education sector is emerging as a significant area for investment, driven by its potential for substantial growth. A detailed analysis by a prominent real estate and investment agency has brought to light the burgeoning opportunities in this market. The country is home to the largest number of school-age children within the Gulf Cooperation Council, with...

In a remarkable shift within the sovereign investment landscape, the Saudi Public Investment Fund (PIF) has distinguished itself as the most dynamic sovereign investor worldwide, intensifying its investment activities while many of its international counterparts, notably Singapore's GIC Pte and Temasek Holdings Pte, have reduced their expenditures. The Saudi fund, commonly referred to as PIF, injected a substantial $31.6 billion...

The Saudi Arabian private school sector is poised for significant growth, offering investors attractive opportunities, as reported by industry expert Colliers. The Kingdom, which boasts the largest school-age population in the Gulf Cooperation Council (GCC) with nearly 7.5 million children and around 6 million students enrolled, presents substantial potential for the expansion of private educational institutions. Currently, only a modest...

The Public Investment Fund (PIF) of Saudi Arabia has made a resounding impact on the global investment landscape in 2023. The sovereign wealth fund's activities accounted for a significant 25% of the nearly $124 billion deployed by sovereign wealth funds across the globe, with the PIF's contributions summing up to an impressive $31.5 billion. The considerable investment sum marks a...

In a decisive move to expand its global investment footprint, the Public Investment Fund (PIF) of Saudi Arabia has emerged as the most active sovereign wealth fund (SWF) of the year. The PIF has directed substantial funds into a diverse portfolio of deals, demonstrating a 33% increase from the previous year, according to an industry report from Global SWF. Recording...

In a remarkable show of financial prowess, the Saudi Arabian Public Investment Fund (PIF) has propelled itself to the forefront as the most dynamic sovereign investor of the past year. While the global community of state-owned investors reined in their expenditures, the PIF charted an opposite course, significantly amplifying its investment endeavors. According to the data from the research consultancy...

In an unexpected turn within the investment landscape, the Saudi Arabian Public Investment Fund (PIF) has distinguished itself as the most dynamic sovereign investor of the past year. This development comes at a time when many of its international counterparts, including Singapore's GIC Pte and Temasek Holdings Pte, have scaled back their expenditures. The PIF allocated a substantial $31.6 billion...

The Public Investment Fund (PIF) of Saudi Arabia has emerged as the most dynamic sovereign wealth investor globally in 2023. The fund has significantly increased its financial commitments, with investments totalling an impressive $31.6 billion. This figure represents a substantial increase from the $20.7 billion invested in the previous year. Such an expansionary approach starkly contrasts with other major sovereign...

The Saudi Ministry of Sports has opened doors for global investors to engage in the kingdom’s sports clubs, signaling a significant move towards the enhancement of the sector. In collaboration with the National Center for Privatization, the Ministry initiated the second phase of its investment and privatization strategy for sports clubs on Sunday. This initiative, championed by Crown Prince and...

In a year of robust financial activities, Saudi Arabia's Public Investment Fund (PIF) emerged as a major player, accounting for roughly 25% of the nearly $124 billion spent by sovereign wealth funds globally in 2023, as per a recent report released at the onset of the year. The PIF's staggering expenditure of $31.5 billion last year is highlighted in a...

Saudi Aramco's investment arm, Prosperity7 Ventures, has placed a strategic bet on the medtech industry by funding Cispoly, a Chinese startup specializing in the detection of gynecological cancers. Prosperity7 Ventures spearheaded the Series B investment round which successfully amassed over 100 million yuan ($14 million). The funding effort also saw contributions from Sunland Fund, a returning investor. These financial endorsements...

Saudi Arabia is undertaking a massive economic overhaul, aiming to recast itself as a major player in the global business and high-tech sectors. By committing over $3.2 trillion, the kingdom is strategically diversifying its economy, preparing for a future where oil may no longer be the dominant revenue source. Despite the region's volatile political landscape, with ongoing tensions from the...

In a pivotal move toward enhancing its aviation sector, the Public Investment Fund (PIF) has declared its intention to channel funds into Saudia Technic, an arm of the Saudia Group. This firm, formerly known as Saudia Aerospace Engineering Industries, has a rich history in the region, established since the 1960s. It provides a broad scope of aviation maintenance, repair, and...

In a strategic move, Aramco Ventures, an affiliate of the globe's preeminent oil producer Saudi Aramco, has disclosed a significant investment in the Chinese health tech sector. The venture arm will channel 100 million yuan, equivalent to approximately US$14 million, into Shenzhen Cispoly Bio-Tec, a pioneering enterprise specializing in diagnostic technologies. This financial endorsement is a testament to the company's...

In a recent trading session, Asian stock markets saw a mostly positive trend, with key indices making modest advancements. The Nikkei 225 in Tokyo experienced a slight increase of 0.3%, reaching 33,254.03, signaling investor confidence in the market. Similarly, the Taiex in Taiwan reported a marginal gain of 0.1%, indicating steady yet cautious trading activity. Meanwhile, the SET index in...

In a significant move towards bolstering agricultural productivity and food security in Mauritania, the Saudi Fund for Development (SFD) marked the commencement of the Arkiz Agricultural Project. This initiative has received substantial financial backing through a development loan of $34 million from the SFD. The inauguration event was graced by notable figures including Mohamed Ould Cheikh El Ghazouni, the President...

A strategic move is underway in the football business arena as an investment fund with ties to the Saudi Arabian Public Investment Fund is reportedly devising a strategy to secure complete ownership of the renowned football club, AC Milan, from Gerry Cardinale and his firm, RedBird Capital Group. Insights from La Repubblica suggest that the investment fund could assume the...

The Public Investment Fund (PIF) of Saudi Arabia has entered into a strategic investment with Saudia Technic, a branch of the prominent Saudia Group. This move is aimed at amplifying the country's revenue streams beyond oil and fostering economic diversification. Saudia Technic, once known as Saudia Aerospace Engineering Industries, specializes in a comprehensive range of aviation maintenance, repair, and overhaul...

The Public Investment Fund (PIF) of Saudi Arabia has disclosed plans for a substantial capital infusion into the nation's MRO sector, seeking to upgrade Saudia Technic and establish a specialized MRO village. This initiative aims to propel the country's maintenance, repair, and overhaul (MRO) capabilities forward. This investment will be pivotal in fostering the growth of Saudi Arabia's MRO sector,...

The Sports Boulevard Foundation (SBF) has established a pioneering alliance with Ajdan real estate development company and Albilad Capital, unveiling a private mixed-use real estate fund of SAR 1 billion. This fund is dedicated to the development of private plots situated within the Arts District, which is part of the eight distinct zones of the Sports Boulevard project. Designed as...