Investment

In a quest for more efficient utilization of its resources, Saudi Arabia's Minister of Economy and Planning, Faisal Alibrahim, conveyed the kingdom's strategic approach during the World Economic Forum in Davos. During a panel titled Investors of First Resort: Government Inc., Alibrahim articulated the identification of significant yet untapped assets and the intent to harness them in alignment with the...

At the esteemed World Economic Forum of 2024, Saudi Arabia's proactive stance on innovation and its drive towards economic diversification were under the spotlight, as noted by the Kingdom's Minister of Economy and Planning, Faisal Al Ibrahim. The minister's address outlined the nation's strategy, which emphasizes the adoption of bold initiatives and the value of experiential learning, highlighting the necessity...

Saudi Arabia is on the brink of revolutionizing its adventure tourism and water sports offerings with the introduction of THE RIG, a novel project conceived by the Public Investment Fund. The development's blueprint draws inspiration from the country's storied oil and gas heritage, emulating the aesthetic of offshore drilling platforms. Spanning over 300,000 square meters, THE RIG will be situated...

In an ambitious move to elevate the adventure tourism sector, the Oil Park Development Company (OPDC), funded entirely by the Public Investment Fund (PIF), has introduced an innovative tourist destination called THE RIG. This groundbreaking project, designed to transform the realm of tourism, aligns with the strategic goals of Saudi Arabia's Vision 2030, which focuses on expanding the tourism industry,...

In a strategic move to bolster the healthcare infrastructure within the Kingdom of Saudi Arabia, Gulf Islamic Investments (GII) has sealed a deal to purchase a noteworthy portion of equity in Abeer Medical Company (Abeer). This investment, estimated at SAR 600 million, positions GII as a significant player in the region's healthcare sector. GII, renowned for its adherence to Shari’ah-compliant...

The Public Investment Fund (PIF) of Saudi Arabia is preparing to host its second Private Sector Forum in a move designed to enhance the nation's domestic economy. The upcoming event is scheduled for the 6th and 7th of February at the King Abdul Aziz International Conference Center, as stated in a notification on the PIF's official webpage. The convening is...

The Eastern Province Municipality in Saudi Arabia has announced a significant development initiative, introducing 238 varied investment opportunities for both permanent and temporary projects throughout the region. These investment prospects, highlighted by the Saudi Press Agency, require specialized technical proposals and demonstrable expertise to assure the quality and successful execution of the initiatives and to confirm the capability of investors...

In a decisive move to bolster its presence in the paper production sector, Saudi Arabia's Public Investment Fund (PIF) has taken a significant shareholding position in the Middle East Paper Company (MEPCO), a regional leader in paper manufacturing and recycling. The PIF has secured a 23.08% ownership in MEPCO following a capital injection and the issuance of new shares. The...

Saudi Arabia has been successful in drawing in SAR255 million (equivalent to $68 million) in international investments within the realms of mining and the manufacturing industry. These financial inflows are a result of contracts for allocation inked by the Saudi Authority for Industrial Cities and Technology Zones (MODON) with two foreign entities from China and Egypt. These companies are gearing...

In a significant display of industrial expansion, Saudi Arabia's industrial cities have seen an influx of nearly 95 billion Saudi riyals (approximately $25 billion) in investments for metal manufacturing enterprises in the year 2023. This boost represents an increase in the sector by about 4.3 percent compared to the previous year. The Saudi Authority for Industrial Cities and Technology Zones...

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...