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Saudi’s Public Investment Fund has invested a staggering $590 million in Magic Leap, a US company specializing in immersive virtual reality headsets to rival Apple’s Vision Pro.
Saudi Arabia has unveiled plans for the new Prince Muhammad Bin Salman Stadium which is to be located in the new Qiddiya Entertainment City near Riyadh.
Saudi Arabia has increased its estimate for untapped mineral resources in the Dingdom to a staggering $2.5 trillion, up from the $1.3 trillion forecasted in 2016.
Saudi Arabia’s Public Investment Fund has acquired a 23.08% stake in the Middle East Paper Company known as MEPCO.
Saudi Arabia’s ACWA Power, fueled by Crown Prince Muhammad bin Salman’s ambitious vision, is racing towards a renewable future, aiming for half of the nation’s electricity from wind and solar by 2030.
Saudi’s Public Investment Fund has emerged as the top global sovereign wealth fund investor in 2023. The PIF invested a remarkable $31.6 billion across 49 deals, which was a 33% increase from 2022.
Saudi Arabia has announced the discovery of large potential gold reserves in the Makkah Region.
Riyadh Air has signed its first major sports sponsorship deal with the world renowned, Atletico Madrid Football Team.
Saudi Arabia’s Public Investment Fund has announced a strategic investment in the Saudia Technic company to help support its aviation sector.
The New Murabba Development Company, which is a fully owned subsidiary of The Public Investment Fund, has appointed the global project management firm, AtkinsRéalis, to help design the New Murabba in Riyadh, which is due to be the world’s largest modern downtown in Riyadh.
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