PIF

Business Saudi Arabia

PIF sets up first Saudi-owned duty-free operator

Arnold Pinto 16/03/2025 0

To boost Saudi travel retail sector Saudi Arabia’s Public Investment Fund (PIF) has established Al Waha Duty-Free Company, marking a significant milestone as the country’s first Saudi-owned duty-free operator. Al Waha, a wholly owned subsidiary of PIF, is set to become a major player in the

Corporate Sport

Concacaf and PIF to boost football across the Americas

Dan Ngiam 25/08/2024 0

Multi-year partnership signed The Confederation of North, Central America and Caribbean Association Football (Concacaf) and Saudi Arabia’s sovereign wealth Public Investment Fund (PIF) have signed a strategic, multi-year partnership to enhance football development and increase the sport’s accessibility across North America, Central America, and the Caribbean region.

Automotive Markets Saudi Arabia

Saudi Arabia-Backed US Luxury EV Maker Opens Retail Outlet In Dubai City

Arnold Pinto 01/06/2024 0

As Lucid Motors Targets Regional Expansion Lucid Motors – the US-based maker of advanced EVs (electric vehicles) – has stepped up its retail presence in the Middle East region by launching Lucid Studio, its bespoke retail outlet at the luxury lifestyle-centric enclave of City Walk in Dubai City. Lucid Studio is a versatile control platform […]

Saudi Arabia Space

Saudi Arabia Establishes Neo Space Group

Arnold Pinto 28/05/2024 0

Targeting Satellite And Space Industries Saudi Arabia’s Public Investment Fund (PIF) sovereign wealth fund has announced the establishment of Neo Space Group (NSG), a wholly-owned subsidiary poised to elevate Saudi Arabia’s presence in the satellite and space sector. NSG will serve as a national champion, driving the advancement of commercial satellite operations