The agreement is pending regulatory approvals, the companies said. This will likely include the Committee on Foreign Investment in theUnited States, the Treasury Department office that reviews investments by foreign entities in American companies for any national security or other issues, according to ...
(PIF) in the Saudi Jordanian Investment Fund (SJIF) to the Saudi Jordanian Investment Company (SJIC), a wholly-owned company by the PIF. In the first quarter of 2023, the PIF became the sole owner of SJIF after acquiring the stake held by Jordanian banks. According to a statement by S...
Leyja is a new tourism destination being developed inNEOM, Saudi Arabia’s mega-project located in the country’s northwest corner. Leyja will be centred around a natural valley surrounded by 400 metre high mountains, located along the coast of the Gulf of Aqaba. Leyja builds on NEOM’s o...
These ambitions are driving substantial transformative investments, from sector-wide initiatives down to targeted investments in specialist companies. For example, the government announced plans to launch a $40 billion tech fund focusing on AI, with an emphasis on cloud computing and digital infrastructur...
Alsudairi, ‘The past, present, and future of Gulf sovereign wealth fund investments in China’, Middle East Policy 31(1), (2024), pp. 66–87. 44 ‘Vision2030 Plan’, The Embassy of the Kingdom of Saudi Arabia, available at: https://www.vision2030.gov.sa/v2030/overview/, p. 7,...
The minority investments are stacking up now:Nintendo,Take-Two,EA,Activision Blizzard. These are significant pieces of some of the industry’s most profitable pies. Through the PIF-funded Savvy Games Group (which declined to be interviewed for the piece), the kingdom has acquired mobile developer...
A‘LinkedIn Post By Mohammed AlQahtani, CEO, Saudi Arabia Holding Company’states, “Massive Investments inSaudi Stadiumsin Preparation for the2027 Asian Cup” “Ambitious project to develop the sports infrastructure”; “The Ministry of Sports announces its plans for #stadium development”; ...
with a target size of $1 billion. Under the proposed deal, the PIF would seek out investments in manufacturing, renewables, fintech and health care. It would also promote foreign direct investments via Hong Kong to provide a platform for companies to have access to investments in Saudi Arabia...
PIF and Foxconn didn’t disclose funding details about the venture. A report from the Wall Street Journal earlier this year said Foxconn was in talks with Saudi Arabia to about joint investments in a US$9 billion facility, which could be a producer of microchips, EV components and other elec...
building ties across the game, signing memorandums of understanding with dozens of counterparts, mostly from Asia and Africa, since 2021. That same year, Saudi Arabia began hiring external advisers for a possible World Cup bid, while the PIF acquired English Premier League team Newcastle United. ...