PIF today announced the signing of five memorandums of understanding (MoUs) worth up to $51 billion with leading Japanese financial institutions. These MoUs were signed with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation (JBIC), and Nippon Export and Investment Insurance (NEXI). The MoUs are a key part of PIF’s
The retail industry is on the cusp of a new era, and the Retail Congress MENA 2024 is set to be the catalyst for its transformation. This landmark event, taking place on November 4-5 at the Mandarin Oriental, Al Faisaliah in Riyadh, is a celebration of the 30th anniversary of the Middle East Council of Shopping Centres
Day 1 of the AlUla World Archaeology Symposium (AWAS 2024) featured insightful discussions on the history of mobile communities and offered a sneak preview of the Middle East’s first showing of masterpieces from the Museo Archeologico Nazionale di Napoli (MANN). From 34 countries, AWAS 2024 has gathered 17 speakers and 80 delegates across archaeology, cultural
As Saudi Arabia accelerates its drive to privatize sports entities, Deloitte Sports Business Group has released a new study offering critical insights for potential sports club owners and a roadmap toward sustainable, profitable ownership. The study reveals a four-phase approach aimed at transforming clubs from operational entities into commercially successful enterprises, starting with acrucial “First
King Faisal Specialist Hospital & Research Centre (KFSHRC) secured both first and second place in the 2024 Gartner Eye on Innovation Award for healthcare and life sciences, recognizing two pioneering initiatives that stood out among 2700 entries. This achievement highlights KFSHRC’s leadership in utilizing digital, innovative technologies and adds to its extensive history of awards
PIF and Brookfield Asset Management Ltd. today signed a non-binding memorandum of understanding (MoU) for PIF to act as a strategic anchor investor for Brookfield Middle East Partners (BMEP), a new platform which aims to serve as Brookfield’s new private equity vehicle for investments in businesses based in Saudi Arabia and the wider region. The
MG Motor Middle East has made a significant impact at this year’s Jeddah International Motor Show, marking an important moment in the brand’s history with the global launch of the all-new MG RX9, the regional debut of the new MG 5, and the announcement that the fully electric MG Cyberster is now officially on sale
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