Browsing: Vision 2030

Business

Saudi PIF to Purchase 49% Stake in Rocco Forte Hotels

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.

Aviation

PIF’s Helicopter Company Secures SAR 800M Loan

The Helicopter Company, a wholly-owned subsidiary of the Saudi Public Investment Fund, has recently concluded an SAR 800M Murabaha facility agreement with Gulf International Bank – Saudi Arabia (GIB-Saudi Arabia).

Business

Saudi’s NEOM and Denmark’s DSV Establish $10B Joint Venture

Saudi Arabia’s NEOM, a $500B flagship project, has formed a $10B joint venture (JV) with Denmark’s DSV, the world’s third-largest freight forwarder, as revealed in their joint statement. NEOM’s primary goal is to establish itself as a vital logistics hub. This initiative was introduced by Saudi Arabia’s Crown Prince Mohammed bin Salman in 2017, with the long-term vision of accommodating 9 million residents.

Business

Saudi Arabia Reveals $427B Investment Blueprint

Saudi Arabia is gearing up to invest a substantial SR1.6T ($427B) over the next decade, as revealed by Minister of Transport and Logistics, Saleh Al-Jasser. This ambitious plan aims to attract more than 30 million pilgrims and Umrah participants, in addition to over 100 million tourists annually, in harmony with the goals of Saudi Arabia’s Vision 2030.