Saudi King and Crown Prince Condole Kuwait

Saudi King and Crown Prince Condole Kuwait

In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »

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Tag Archives: (PIF)

October 25, 2017

Saudi Arabia strikes $1bn Korean engineering deal

:: Saudi Arabia’s Public Investment Fund (PIF) has shelled out $1 billion for a 38 percent stake in Posco E&C, the construction arm of the giant South Korean steelmaker Posco. The deal is driven by the Korean company’s drive to

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October 25, 2017

Saudi Public Investment Fund looks for more global alliances

:: Saudi Arabia’s Public Investment Fund (PIF) is looking for further international partnerships as part of its ambitious aim to become the largest sovereign wealth fund in the world. Yasir Al-Rumayyan, PIF managing director, said that global investment alliances would

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October 25, 2017

Robots to roam $500 billion Saudi city

:: Crown Prince Mohammed bin Salman on Tuesday unveiled ambitious plans for a new city state that would also straddle Jordan and Egypt in the kingdom’s northwest with up to $500bn in investments. Called Neom, the city will be powered

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