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LONDON: Saudi Arabia’s key wealth fund has about $300 billion in assets and its growing size is set to “improve the country’s international investment position,” a new report has found. Roughly a quarter of the Kingdom’s Public Investment Fund (PIF) holdings are overseas, with investm...
Riyadh has taken steps to try to encourage foreign firms to invest more in the country. The government in 2021, for example, said companies seeking to secure state contracts must set up their regional headquarters in Saudi Arabia. PIF has been increasing its focus on domesti...
"Our goal for this visit is to establish partnerships with Chinese companies in the construction sector to contribute to the development of our project in Riyadh." "Additionally, we aim to attract investment and promote New Murabba as an ideal destination for both Chinese businesses and tourists,...
Starmer to visit Saudi Arabia and UAE to try to secure investment UK prime minister is seeking billions of pounds of Gulf money to boost British growth November 13 2024 Middle Eastern companies UK construction executive sues Saudi-owned developer for $100mn ...
With the development of infrastructure, housing, investment in energy, power, utility and industries, Saudi Arabia will need hundreds of thousands of new professionals and workers to manage this transformation. That is why owners of businesses in the GCC countries are now setting up companies in Sa...
CAIRO: Saudi Arabia’s Public Investment Fund witnessed a modest rise in its US stock investments, reaching $20.66 billion in the second quarter, up from $20.55 billion in the previous quarter. The wealth fund has undertaken a significant strategic overh
In the face of such financial technology development, the Kingdom of Saudi Arabia is attempting to keep abreast by developing the sector, enabling strong investment returns for support. Financial technology firms furnish new solutions that are useful for the financial sector in enhancing operational ...
Sovereign wealth funds are investment funds controlled by a national government. The Saudis are trying to diversify away from their interest in oil, and Musk said Monday that they had already taken a stake of almost 5% in Tesla. A spokesperson for the Saudi fund declined comment on Musk's...
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