Public Investment Fund
Saudi ICT Deals and Policy: Major AI Investments and Cloud Infrastructure Contracts for Week 45
Saudi Arabia recorded major ICT deals in week 45 of 2026, featuring a $2.6 billion investment in HUMAIN and new data center contracts.
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Napster and HUMAIN Form Strategic Partnership to Deliver Arabic-Native AI
Napster and HUMAIN have partnered to provide Arabic-native AI solutions and digital workers for organizations across Saudi Arabia and the MENA region.
MIPIM Middle East Unveils Inaugural Programme for Debut Riyadh Edition
MIPIM Middle East revealed its debut Riyadh programme for October 20-21, 2026, assembling global institutional investors, regional developers, and policymakers.
Korea and Saudi Arabia Expand Strategic Ties Into AI, Cloud, and Aerospace
South Korea and Saudi Arabia have broadened their economic ties to focus on sovereign AI, cloud infrastructure, aerospace, and joint manufacturing.
HUMAIN and EY Partner to Build Saudi Arabia’s First AI-Native BPO Services
HUMAIN and EY MENA have partnered to establish Saudi Arabia’s first AI-native business process outsourcing service powered by the HUMAIN ONE platform.
PIF-Led Consortium Completes Acquisition of Electronic Arts
A consortium led by Saudi Arabia’s Public Investment Fund has completed the acquisition of Electronic Arts, delisting the publisher from NASDAQ.
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Humain and Accenture Partner to Accelerate AI Adoption in Saudi Arabia
Humain and Accenture have partnered to accelerate artificial intelligence adoption across Saudi Arabian government and enterprise sectors, spanning from pilot to production.
Saudi Real Estate Refinance Company Signs Deal with Saudi Awwal Bank to Boost Housing Market
Saudi Real Estate Refinance Company signs portfolio purchase agreement with Saudi Awwal Bank to enhance housing market liquidity and support Vision 2030 homeownership goals.
Digital Health Transformation: Lean and MOD Launch Sehhatek
Lean and Ministry of Defense launch digital health transformation with Sehhatek app for personnel and families. Discover how this supports Vision 2030.
PIF-Backed Diriyah Company Awards Parsons SAR 210 million Contract for Design and Construction Supervision in Saudi Arabia
Riyadh, Saudi Arabia, 30 October 2025– Parsons Corporation (NYSE: PSN) announced today that the company was awarded a contract for Phase 2 of the Diriyah project by Diriyah Company, a Public Investment Fund (PIF)-owned company in the first half of 2025. This SAR 210 million (USD 56 million); 5-year contract represents new work for Parsons […]
Saad Alkhodair… From a Passion for Detail to a Platform for Creativity
Riyadh – October 2025 Designer Saad Alkhodair was awarded the “Best Creative Designer of 2025 (Silver)” at the Athar Creative Festival, in recognition of his works that combined human sensibility with visual innovation, presenting a vision that expresses the designer’s identity with a contemporary spirit. Alkhodair’s interest in design began with an early passion for […]
The Saudi Real Estate Refinance Company Signs a Portfolio Acquisition Agreement With Arab National Bank
Riyadh, KSA – 8 August 2025 – The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a new agreement with Arab National Bank to acquire a real estate finance portfolio in the presence of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of the Board of the […]
SRC Signs a Real Estate Finance Portfolio Purchase Agreement with Bank Albilad
Riyadh, KSA, 31 July 2025 – The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a real estate finance portfolio purchase agreement with Bank Albilad. The signing took place in the presence of His Excellency Majid bin Abdullah Al-Hogail, the Minister of Municipalities and Housing and Chairman of SRC, alongside Mr. Nasser […]
D360 Bank reaches one million customers in Saudi Arabia
D360 Bank reaches one million customers in four months, reshaping Saudi digital banking with innovative and Shariah-compliant solutions. Learn more today.
PIF and Hyundai Launch Hyundai Motor Manufacturing Middle East in Saudi Arabia
PIF and Hyundai have launched Hyundai Motor Manufacturing Middle East in Saudi Arabia, a groundbreaking automotive plant producing 50,000 vehicles annually.
Parsons Selected as Delivery Partner for King Salman International Airport
Parsons has been selected as the Delivery Partner for King Salman International Airport, providing project management services for airfield and landside assets.
Saudi Arabia Launches HUMAIN to Lead Global AI Innovation
On May 12, 2025, Saudi Arabia’s Crown Prince Mohammed bin Salman announced the launch of HUMAIN, a new artificial intelligence company backed by the Public Investment Fund. Aimed at developing advanced Arabic large language models and comprehensive AI solutions, HUMAIN is set to position the Kingdom as a global hub for AI innovation, aligning with the objectives of Vision 2030.
Minister of Environment, Water and Agriculture Launches “Sabil,” the National Grains Supply Company
Riyadh, 2025-04-15: Under the patronage of His Excellency Engineer Abdulrahman bin Abdulmohsen Al-Fadhli, Minister of Environment, Water and Agriculture Chairman of the Board of Directors of the General Food Security Authority and SALIC Group, the National Grains Supply Company “Sabil” was launched today during an official ceremony held at the Ministry’s headquarters, in the presence […]
New Murabba Reinforces Global Investor Appeal at MIPIM 2025
New Murabba, a Public Investment Fund (PIF) company, participated in the real estate event “MIPIM 2025,” held from March 11- 14 in Cannes, France. This year’s participation aims to enhance international investment in the Kingdom and highlight its commitment to economic diversification. According to a company press release issued today, New Murabba’s presence at MIPIM […]
Baheej Tourism Development Company Breaks Ground on Multi-Waterfront Destinations in Yanbu
Witnessed by HRH Prince Salman bin Sultan Al Saud, Governor of Al-Madinah Al-Munawwarah Province Yanbu, Jan. 27, 2025 – Witnessed by HRH Prince Salman bin Sultan Al Saud, Governor of Al-Madinah Al-Munawwarah Province, Baheej Tourism Development Company, a joint venture between ASFAR, the Saudi Tourism Investment Company, a Public Investment Fund (PIF) company, and the Tamimi-AWN […]