Saudi Aramco Acquires 40% Stake in Gas & Oil Pakistan Ltd (GO) in Global Expansion
Saudi Aramco has signed an agreement to acquire a 40% stake in one of Pakistan’s largest Oil and Gas companies.
December 18, 2023
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Saudi Aramco has signed an agreement to acquire a 40% stake in one of Pakistan’s largest Oil and Gas companies.
The Qiddiya Giga Project has awarded contracts worth over $2.6 Billion so far for the development of Qiddiya City with the aim of creating a Global Entertainment and Sports Hub in the Kingdom.
Saudi Arabia’s Public Investment Fund has partnered with ESPN in a significant deal involving the Professional Fighters League. The partnership highlights Saudi Arabia’s growing influence in global sports.
Riyadh Air and Turkish Airlines have signed an MoU to enhance travel benefits between Saudi Arabia and Türkiye. The agreement allows a code-sharing arrangement and will allow travelers to share loyalty points between both airlines.
Diriyah Company and Ritz-Carlton have announced the launch of the first luxury branded residences in the Kingdom.
Saudi Arabia’s Public Investment Fund (PIF) has purchased a 49% stake in the luxury hotel group, Rocco Forte Hotels, valuing the company at £1.2 billion. This investment is part of PIF’s strategy to expand its luxury hospitality portfolio and also help the group expand worldwide.
The first Elie Saab Branded Residences have been launched in Riyadh. Dar Al Arkan, a leading Saudi real estate company, has launched Etoile by Elie Saab in the SEDRA community in northern Riyadh which is located close to King Khalid International Airport.
Saudi Arabia’s Public Investment Fund has agreed to acquire a 10% stake in the United Kingdom’s Heathrow Airport from its holding company, TOPCO. This strategic move is part of PIF’s broader investment strategy to expand its influence in the global aviation sector as well as boost Saudi tourism globally.
Saudi Entertainment Ventures (SEVEN), a Public Investment Fund subsidiary, unveils Seven Abha, a $346.6 Million (SAR 1.3 Billion) Entertainment Destination in the Aseer region, as part of the kingdom’s diversification efforts.
The Professional Fighters League backed by Saudi Arabia’s sports fund, SRJ Sports Investments has acquired its rival Bellator MMA, aiming to compete directly with UFC and planning global Bellator events.
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