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Saudi Entertainment Ventures, A PIF company, also known as SEVEN, is investing $290 million in a new entertainment destination in Yanbu, which is to be located on Nawras Island to help enhance the city’s entertainment sector and support economic diversification in Saudi Arabia.
Saudi Arabia’s PIF subsidiary JADA, which was launched in 2021 with a $1 Billion fund to support Saudi SMEs through Private Equity and Venture Capital funds, has just invested $250 Million in GCC-based Aliph Capital to help support SMEs in the kingdom with capital, talent, and technology.
Saudi Arabia’s PIF-backed SRJ Sports Investments has made its first investment by acquiring a $100 Stake in the Professional Fighters League (PFL) as it expands into mixed martial arts and aims to bring a regional tournament to the kingdom.
The PIF Funded Saudi Real Estate Developer ROSHN announces the MARAFY project in northern Jeddah, which features an 11 km Artificial Canal and aims to house 130,000 residents on completion.
Saudi Arabia plans to become a significant player in the international aircraft leasing sector, with The country’s Public Investment Fund agreeing to purchase the aircraft leasing division of Standard Chartered for $3.6 Billion.
Tony Douglas, CEO of Riyadh Air, Saudi Arabia’s new airline, explains that it will focus on the niche market of flights to and from KSA as the Kingdom emerges as a tourism hub by connecting to more than 100 destinations by 2030.
Saudi Arabia’s $63 Billion Diriyah Giga Project, which features the UNESCO World Heritage Site of At-Turaif, has been awarded Platinum LEED Certification, a globally recognized symbol of sustainability.
Saudi Arabia is investing $8 billion in the gaming industry to diversify its economy and to make the kingdom an international hub for gaming. The investment is part of a larger $38 billion allocated for the gaming sector under its Savvy Games Group which aims to create 40,000 jobs and has already invested in Nintendo and Activation Blizzard.
Saudi Entertainment Ventures, A PIF company, also known as SEVEN is investing $290 million in a new entertainment destination in Yanbu, which is to be located on Nawras Island to help enhance the city’s entertainment sector and support economic diversification in Saudi Arabia.
The PIF launches Asfar: A Saudi Tourism Investment Company to support the growth of tourism in Saudi Arabia to unlock the kingdom’s untapped potential with an aim of attracting 100 million visitors a year by 2030
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