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BlackRock, the world’s largest asset manager, has announced plans to launch a new investment platform in Saudi Arabia with up to $5 billion backing from Saudi’s Public Investment Fund.
Saudi Arabia’s Public Investment Fund (PIF) has acquired a majority stake in Saudi Telecom’s tower unit for $3.15 Billion to merge it with other local assets to create a regional mobile tower giant.
Saudi Arabia’s Flynas, the low-cost airline backed by Billionaire Prince Alwaleed bin Talal, is set to launch its IPO on the Tadawul stock exchange this year.
The UK Government in partnership with Saudi Arabia, is set to organize a major trade expo in Riyadh’s KAFD from May 14th to 15th, 2024.
Saudi Arabia and Pakistan have solidified economic ties with Saudi Arabia agreeing a $5 billion investment package for Pakistan after a high level meeting in Makkah during the Holy month of Ramadan.
Saudi Arabia is planning a staggering $40 billion investment in a new artificial intelligence fund to launch to support tech startups associated with AI, chip makers, and data centers.
According to a survey by the Global Property Consultancy Firm Knight Frank, the new premium residency visa options available in Saudi Arabia have increased home ownership interest amongst expats to 77%.
Adobe, an American multinational software company, is set to establish a new regional headquarters in Riyadh by early 2025 following approval from the Saudi Ministry of Investment.
Saudi Arabia’s Public Investment Fund (PIF) has become the world’s fifth-largest sovereign wealth fund (SWF), with total assets reaching a staggering $940.26 billion.
Hilton has announced plans to quadruple its presence in Saudi Arabia, with over 60 new hotels across major tourism destinations.
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