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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.
Riyadh Air, a new player in aviation, plans to revolutionize the airline industry by introducing staff uniforms designed by top designers, with more details anticipated next year.
Saudi Aramco has announced an extension of its partnership with the Aston Martin Formula One Team, making them their Sole Title Sponsor until 2028.
NEOM is an ambitious vision of the future brought to life by Saudi Arabia. NEOM is a $500 billion project to revolutionize lifestyles and work patterns. Funded by Saudi Arabia’s Public Investment Fund (The PIF), which has assets under management in the region of $800 billion.
Diriyah Company has unveiled its newest ultra-luxury community called Wadi Safar, which will be located within the $63 Billion Diriyah Giga project.
The Public Investment Fund has unveiled Dan Company, a new company that will focus on agritourism and ecotourism in Saudi Arabia.
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