EconomyTop StoriesSaudi to establish Soudah Development CompanyGBO CorrespondentFebruary 25, 2021GBO CorrespondentFebruary 25, 2021SDC will partner with the private segment to develop the tourism segment...
EconomyTop StoriesSaudi’s PIF announces$ 266 bn to diversify economy and create new jobsGBO CorrespondentJanuary 25, 2021GBO CorrespondentJanuary 25, 2021The fund also plans to invest SR 2 trillion in fresh projects...
Top StoriesSaudi commits to induce stability in oil, tourism, investmentsGBO CorrespondentDecember 18, 2020GBO CorrespondentDecember 18, 2020The Kingdom had managed to attract more than 500,000 tourists from other...
Top StoriesSaudi’s PIF seeks fresh loans from international banksGBO CorrespondentDecember 4, 2020GBO CorrespondentDecember 4, 2020PIF acquired 2.04 percent in India’s largest retailer Reliance Retail Ventures...
Top StoriesPIF ramps up stake in ACWA Power from 33.6% to 50%GBO CorrespondentNovember 20, 2020GBO CorrespondentNovember 20, 2020ACWA aims to achieve its target of more than $10 billion in...
Top StoriesSaudi’s PIF to invest capital worth $40 billion annually in 2021-22GBO CorrespondentNovember 17, 2020GBO CorrespondentNovember 17, 2020The sovereign wealth fund has supported ultra-class projects such as the leading...
Top StoriesSaudi’s PIF establishes 2 subsidiaries to boost economyGBO CorrespondentSeptember 16, 2020GBO CorrespondentSeptember 16, 2020The PIF currently has net worth of $360 bn and ranks 8th...