Browsing: economic diversification

The economy of Abu Dhabi’s private sector has expanded by 35 per cent to over $92B since 2016, reflecting the increasing significance of the emirate’s non-oil economy.

Oman Investment Authority (OIA) has introduced the ‘Future Fund Oman,’ initiating an investment of $5.2B over five years to stimulate the nation’s economic progress and entice international investors.

Project Oman, the 3rd International Construction Technology and Building Materials Exhibition is set to return…

Saudi Arabia’s Air Connectivity Program has partnered with Italy’s ITA Airways to establish new routes connecting Rome with Riyadh and Jeddah.

AD Ports Group, a major logistics and port operator, announced robust operational and financial outcomes for 2023.

Etihad Rail has conducted the inaugural passenger train journey between Abu Dhabi and Al Dannah, aiming to boost transportation and industry in the emirate.

Saudi Arabia’s Tadawul stock exchange has introduced a new index that monitors the top 50 companies based on their market value on the largest bourse in the Arab world.

Saudi Arabia’s Public Investment Fund (PIF) emerged as the leading global investor among sovereign wealth funds in the previous year, significantly expanding its investment portfolio, as outlined in a new report.

Shares in Abu Dhabi’s healthcare platform, PureHealth Holding, surged by up to 69% above their listing price on Wednesday during their market debut. The company had successfully raised nearly $1B in an initial public offering (IPO), representing 10% of its business.

Our investment in Rocco Forte Hotels demonstrates PIF’s confidence in the commercial opportunity and strength of the international hospitality and tourism industries, which have exhibited remarkable resilience in recent years,” stated Turqi Al Nowaiser, deputy governor and head of the International Investments Division at PIF.