PIF and Google Cloud to create advanced AI hub in Saudi Arabia
Oct 30, 2024 · PIF and Google Cloud today announced a strategic partnership to create a new global artificial intelligence (AI) hub. The new AI hub will be based near Dammam, in Saudi Arabia’s Eastern Province. The landmark partnership, which was signed at the Future Investment Initiative 8th Edition (FII8), further establishes Saudi Arabia as a global hub ...
Saudi Arabia's PIF signs MoUs worth up to $51 bln with Japanese …
6 days ago · Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has signed five Memorandums of Understanding (MoU) with Japanese financial institutions worth up to an overall $51 billion ...
Saudi Arabia’s PIF expands green investments to $19bn ... - Arab News
Oct 14, 2024 · PIF is attracting sustainable investments into Saudi Arabia’s eco-conscious economy by issuing green bonds and funding critical projects in renewable energy, energy efficiency, water...
Exclusive: Saudi sovereign wealth fund to reorganize management …
RIYADH, May 24 (Reuters) - Saudi Arabia's $925 billion sovereign wealth fund is weighing a reorganization that could see managers assume some internal responsibilities from governor Yasir...
News & Insights | Public Investment Fund - PIF
30 October 2024 PIF and Brookfield sign memorandum of understanding to expand investment opportunities in Saudi Arabia and region. Press Releases. 20 October 2024 PIF announces the establishment of ‘sarcc’ company to meet growing staff accommodations demand.
Saudi Arabia’s Nearly $1 Trillion Wealth Fund Swings to Profit
Jul 2, 2024 · Saudi Arabia’s Nearly $1 Trillion Wealth Fund Swings to Profit. PIF made $25 billion from investment activities in 2023; Total borrowings rose to $125 billion from $85 billion in 2022
PIF | Home | Public Investment Fund
PIF is a global and domestic investor. As one of the world's largest sovereign wealth funds, PIF is a key driver of Saudi Vision 2030, with HRH Crown Prince Mohammed bin Salman Al-Saud as Chairman.
Saudi Arabia’s Sovereign Wealth Fund to Deploy $70 Billion a Year
Feb 22, 2024 · Saudi Arabia’s sovereign wealth fund is set to increase its annual deployment of capital to $70 billion a year after 2025. The Public Investment Fund, or PIF, currently puts $40 billion to $50...
Saudi PIF strikes 3 deals to boost renewable energy component ...
Jul 16, 2024 · RIYADH: Saudi Arabia’s Public Investment Fund has partnered with the world’s second-largest manufacturer of solar cell components for a $2.8 billion-power production plant in the Kingdom.
Saudi Arabia’s PIF was top global investor in 2023 with deals …
Jan 1, 2024 · Saudi Arabia’s Public Investment Fund was the top investor among global sovereign wealth funds last year as the kingdom's sovereign wealth fund continues to boost its investment portfolio, according to a new report.