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sovereign wealth funds
Energy
Saudi Arabia’s ACWA Power inks $800 million deal with Senegal for desalination project
The plant, known as the Grande Côte seawater desalination plant, will have a capacity of 400,000 cubic meters per day
Saudi Arabia
Lucid secures $1 billion investment from Saudi Arabia’s PIF, boosting shares by 18 percent
The Saudi government currently holds a 60 percent stake in Lucid
Economy
Saudi Arabia’s PIF inches closer to $1 trillion in assets
Strategic acquisitions and diversification drive growth trajectory
Economy
Saudi Arabia’s Crown Prince transfers another 8 percent of Aramco shares to PIF
The state's ownership of the Aramco's shares now stands at 82.186 percent
Miscellaneous
Saudi Arabia’s PIF and ATP forge long-term strategic partnership to drive global tennis expansion
The fund will become the official naming partner of the ATP Rankings
Economy
Saudi Arabia signs six MoUs to boost education, investment, and sustainability efforts
The agreements align with the goals of Vision 2030
Logistics
Saudi Arabia’s PIF acquires 40 percent stake in Zamil Offshore Services Company
The investment aims to enhance the financial resources of Zamil Offshore
Economy
PIF Private Sector Forum strengthens economic vision through strategic partnerships
Event concludes with commitment to Saudization and private sector empowerment
Hospitality & Tourism
Diriyah project attracts $6 billion in private sector investments
Company to break ground on 11 new assets by the end of 2024
Hospitality & Tourism
Rua Al Madinah secures contracts worth over $79 million to drive hospitality industry forward
Deals were signed during PIF Private Sector Forum
Saudi Arabia
PIF Private Sector Forum: stc Group signs raft of strategic agreements to enhance local content
Agreements align with the objectives outlined in Vision 2030
Banking & Finance
Middle East sovereign funds: Powering M&A deals with $81.7 billion in 2023
Region witnessed an estimated $95 billion in mergers and acquisitions in 2023
Economy
Saudi Arabia’s PIF attracted over $25 billion worth of investments in three years
New Contractor Financing Program launched
Economy
Saudi Arabia’s PIF launches today second private sector forum, unveiling new local business opportunities
Event aims to cultivate partnerships between PIF, its portfolio companies, and the private sector
Industry
Alat: Saudi Arabia’s Crown Prince launches new company with projected $9.3 billion GDP impact by 2030
New company to help turn Kingdom into electronics, advanced industries hub
Markets
Aramco: Saudi Arabia considering a $10 billion share sale
As soon as February
Egypt
COP28: Egypt Minister of Planning and Economic Development Dr. Hala Elsaid: Sustainable projects and economic outlook
Egypt is committed to its net zero and green energy transitions
Economy
GCC sovereign wealth funds among world’s top 15
With combined assets worth $3.69 trillion