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Phillip Cornell on Saudi Arabia’s Public Investment Fund
 
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Phillip Cornell, nonresident senior fellow with the Atlantic Council’s Global Energy Center, discusses Saudi Vision 2030’s drive for investment through the Public Investment Fund, and the prospects for a public listing of Saudi Aramco. "Kingdom at a Crossroads: The Future of the US-Saudi Partnership” is an Atlantic Council effort highlighting pressing issues facing the US-Saudi bilateral relationship, as well as the latest analysis and commentary on Saudi Arabia in general. Covering topics ranging from geopolitics to security to energy and investment, "Kingdom at a Crossroads" leverages expertise from across the Atlantic Council’s centers to examine Saudi policies at a time of rapid change for the kingdom.
Views: 1271 AtlanticCouncil
PIF Graduate Development Program
 
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One of ALMONTAGE video projects The client : Public Investment Fund PIF's Graduate Development Program is carefully designed to bring out the best in candidates. Check out some testimonials from last year's candidates and what they had to say about the Program. #PIFGDP About the producer: ALMONTAGE Entertainment founded in 2009, and become one of the largest and most influential production studios in Riyadh , Saudi Arabia. ALMONTAGE provide an end to end production solution for different clients. With state-of-the-art performance capture studio, ALMONTAGE bring artistry to hundreds of commercials, corporate videos and documentaries. Connect with ALMONTAGE Entertainment Online: http://www.almontage.com/ Instagram: @almontageproduction Twitter: @ALMONTAGE facebook: https://web.facebook.com/almontageproduction --- #ALMONTAGE is your film production destination
Views: 1754 A L M O N T A G E
Construction Week In Focus | S02E32: Saudi Arabia's Public Investment Fund [2018]
 
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Crown Prince Mohammed Bin Salman, also known as MBS, has driven Saudi Arabia's sovereign wealth vehicle, Public Investment Fund (PIF), to new heights in 2018. READ: PIF is GCC's largest project developer (https://bit.ly/2Enq6sF) As Saudi Arabia drives forward with its Vision 2030 economic diversification mandate, it is important to understand the role played by the Crown Prince, as chairman of PIF, towards achieving these goals. The centrepiece of PIF's work in 2018 has undoubtedly been Neom, the mega city that was launched at the Future Investment Initiative conference held in Riyadh in 2017. At the second iteration of the conference in October 2018, Neom's team revealed that the $500-billion (SAR $1.9 trillion) project's construction was progressing as planned. Not far behind are the Amaala and Qiddiya gigaprojects, both aimed at attracting millions of riyals through tourism in Saudi Arabia. PIF is leading both these programmes. In this video, Neha Bhatia and Oscar Rousseau, editor and deputy editor of Construction Week, explore the achievements recorded by Saudi Arabia's PIF in 2018. READ MORE: * Saudi King, Crown Prince attend Al-Turaif restoration project launch: https://bit.ly/2EnDKNi * Saudi King, PIF unveil multibillion-dollar schemes in Vision 2030 push: https://bit.ly/2DM5ZUH Some visuals in this video are courtesy: * Public Investment Fund * Future Investment Initiative [https://bit.ly/2RbkFQP] * Al Arabiya [https://bit.ly/2gEA9yX] * Losberger De Boer * Saudi Press Agency CAMERA: Liju Cheravathur EDITING: Ashford Fernandez PRODUCER CONTACT: neha[.]bhatia[@]itp[.]com https://twitter.com/jaydawt SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/c/constructionweekonlinecom READ MORE ON OUR WEBSITE: http://constructionweekonline.com FIND US ON FACEBOOK: https://www.facebook.com/constructionweekonline/ FOLLOW US ON TWITTER: https://twitter.com/cwmiddleeast TUNE IN TO OUR SOUNDCLOUD STREAM: https://soundcloud.com/constructionweek FOLLOW US ON INSTAGRAM: https://instagram.com/constructionweek/ © ITP MEDIA GROUP
Views: 8854 Construction Week
No concerns with Saudi Arabia's security: Saudi wealth fund chief | Squawk Box Europe
 
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Yasir Bin Othman Al-Rumayyan, Saudi PIF's managing director discusses the killing of journalist Jamal Khashoggi and the impact on Saudi investment.
Views: 1203 CNBC International TV
Saudi PIF managing director backs Softbank's leadership | Squawk Box Europe
 
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The equity performance of the SoftBank Vision Fund is amazing, says Yasir Bin Othman Al-Rumayyan.
PIF's billion-dollar investments in Saudi Arabia
 
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Saudi Arabia's sovereign wealth arm, the Public Investment Fund (PIF), is investing billions of riyals to ensure future growth and security for the kingdom's economy. This video outlines PIF's recent investments related to construction, development, and post-construction services. * Read about PIF's companies dedicated to Saudi Arabia's Holy Sites: http://bit.ly/2fMuPu7 * Check out details about PIF's new waste management unit: http://bit.ly/2kUesgS * Details of PIF's $507m energy services company, named Super Esco, revealed: http://bit.ly/2hyMwLs * Saudi's plans to raise home ownership outlined: http://bit.ly/2yzg70Z * PIF's strategy to attract entertainment investments available here: http://bit.ly/2hrpZ2d * Construction on Saudi's $5bn New Jeddah Downtown to begin in 2019: http://bit.ly/2yhwGid * Read about the Red Sea Project here: http://bit.ly/2hiQfPl * Details of $500bn mega-city Neom revealed: http://bit.ly/2zCSZLY © ITP MEDIA GROUP Producer contact: neha.bhatia[@]itp[.]com OR twitter.com/cw_neha Supporting footage courtesy: Public Investment Fund (http://bit.ly/2z8eBAO) Discover Neom (http://bit.ly/2h5Ncea)
Views: 5256 Construction Week
Saudi Arabia's Vision 2030 makes sense, says CEO of UAE sovereign wealth fund | Access Middle East
 
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Khaldoon Mubarak, CEO of Mubadala, discusses where he expects investments in Saudi Arabia to yield returns. Subscribe to CNBC Life: http://cnb.cx/2wAkfMv Subscribe to CNBC International: http://cnb.cx/2gft82z Like our Facebook page https://www.facebook.com/cnbcinternational Follow us on Instagram https://www.instagram.com/cnbcinternational/ Follow us on Twitter https://twitter.com/cnbci
Views: 5388 CNBC International TV
Top 5 Investments By The Saudi Public Investment Fund
 
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Established in 1971, the Public Investment Fund is a Saudi Arabian Sovereign wealth Fund. It is the largest investor in the Saudi Stock market with its holdings valued at over $ 100 billion as of today. Today the PIF is making headlines across the globe, for their big ticket investments in the technology space and Mega projects in Saud. Take a look at the top Investments of Saudi’s PIF.
Views: 1071 Forbes Middle East
Saudi Arabia Kingdom to raise $2 trillion to fund diversification plan
 
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Saudi Arabia has unveiled an ambitious plan to reduce the kingdom's dependence on oil and transform it into a global investment power. Deputy Crown Prince, Mohammed bin Salman announced that the kingdom would raise the capital of its public investment fund to $2 trillion from $160 billion to facilitate the diversification process. He said the country expects state oil company Saudi Aramco to be valued at more than $2 trillion after putting up 5 percent of the oil company for sale through an initial public offering. At the centre of the plan is the restructuring of the Public Investment Fund. The fund will become a hub for Saudi investment abroad, by raising some of the money through selling shares in Aramco. The "Vision 2030" plans to raise non-oil revenue to $160 billion by 2020 and $267 billion by 2030 from $43.6 billion last year. But the plan gave few details on how this would be implemented, something that has caused problems for previous reforms.
Views: 12678 CGTN Africa
Uber is totally different from Lyft, Saudi PIF managing director says | Capital Connection
 
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Yasir bin Othman Al-Rumayyan discusses the partnership between Uber and Careem.
PIF Maaden SAR Aeron Branding
 
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Saudi Arabia Public Investment Fund and Saudi Arabian Railways Film
Views: 750 Aeron Branding
Saudi sovereign fund to invest $10b in Russia
 
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The Public Investment Fund signed a deal with the Russian Direct Investment Fund for the largest foreign direct investment yet in Russia, RDIF said late on Monday.
Views: 107 Levant TV
Alfaisal University College of Business Lecture Series by Mr. Rakan Tarabzoni
 
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COB Executive Lecture Series on Wednesday, November 29th, 2017 at 12:00 PM by Mr. Rakan Tarabzoni, Communications Director of The Public Investment Fund (PIF). Mr. Rakan manages all PR & Communications matters for PIF, including marketing and branding.
Views: 140 Alfaisal Univ
Massive 'city within a city' backed by Saudi Arabia's PIF planned for Riyadh
 
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Massive 'city within a city' backed by Saudi Arabia's PIF planned for Riyadh Japan’s SoftBank Group Corp. reports a 49 percent jump in quarterly profit SoftBank also said profit was bolstered by the sale of most of the Chinese operations of chip design unit ARM Holdings LONDON: SoftBank has reported a 49.2 percent surge in its latest quarterly earnings due in part to a valuation gain of 245 billion Japanese yen ($2.2 billion) at its tech-focused Saudi-backed Vision Fund. The fund’s investment gain was a result of the sale of the Indian e-commerce company Flipkart to US c... ------------------ Don't Forget Subscribe: https://www.youtube.com/channel/UCn08Lh9-YqVtPEozBDqEVAA?sub_confirmation=1
Views: 6 SA News
No reason for Aramco IPO delay after SABIC deal finalized: Saudi PIF | Squawk Box Europe
 
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Speaking to CNBC, PIF's Yasir Bin Othman Al-Rumayyan said the planned listing date of Aramco's initial public offering (IPO) in 2021 could yet be brought forward.
صندوق الاستثمارات العامة و ارامكو
 
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الموقع الشخصي http://abdullah.com.kw السيرة الذاتية http://abdullah.com.kw/resume مؤتمرات ودورات تدريبية وورش عمل http://abdullah.com.kw/events مقالات منشورة http://abdullah.com.kw/articles مؤلفات (كتب ودراسات) http://abdullah.com.kw/books أدوات محاسبية مجانية (دراسة جدوى وترشيد انفاق وتقييم مشاريع) http://abdullah.com.kw/tools الحسابات على مواقع التواصل الإجتماعي http://abdullah.com.kw/socialmedia حقوق النشر محفوظة لـ عبدالله بن سالم السلوم، إلا ما أعيد نشره وفد تم تسجيله في حدث أو في قناة تلفزيونية أو في إذاعة إخبارية، فلهم حقوق النشر والتوزيع.
Views: 16471 Abdullah Al-Salloum
Interview with the Chairman & CEO at Greenstone Equity Partners, Alex Gemici
 
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Interview with the Chairman & CEO at Greenstone Equity Partners, Alex Gemici VI-Grand Private Investment Forum Worldwide – was successfully completed. As usual the PIFW gave start for hundreds of deals in various sectors. http://pif.events/ Over 100 participants – heads of Royal family offices, investment companies, investment companies, and owners of investment projects have conducted over 500 official negotiations, and over 3000 informal meetings. Heads of companies from the USA, UK , Europe, Asia, and GCC countries were present. According to preliminary data, transactions worth over $ 800 million have been concluded, but more than 50 investment projects (totaling investments over $ 2 billion) will continue their negotiations with investors after the forum. The majority of investment was attracted to Blockchain, tech, real estate, health care, and food products. More about participants of the VI-Grand Private Investment Forum Worldwide, and upcoming events could be learned in the PIFW Connecting Leaders mobile app. You can download the PIFW App for Android: https://lnkd.in/gQdzyyV You can download the PIFW App for iPhone: https://lnkd.in/gj4Zdzu
Views: 109 PIFW Global
Saudi Arabia is Awful At Investing | Markets Are Dumb 4
 
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Saudi Arabia is really bad at investing. Tech stocks like Tesla are over-valued, yet that seems to be the only thing Saudi Arabia's Crown Prince MBS wants to spend money on... Support Us on Patreon: https://www.patreon.com/user?u=493721 Support Us Through Paypal: http://morefreedomfoundation.com/support-us-on-paypal/ FURTHER READING: This video's blog post provides some more links on the wasteland that is Saudi Arabia's larger "investments" like NEOM and the Blackstone deal... http://morefreedomfoundation.com/2018/08/21/saudi-arabia-is-awful-at-investing-markets-are-dumb-4/ The Financial Times Great Article From August 9th on How bad things are getting with Saudi Arabia's Public Investment Fund... https://www.ft.com/content/ca35d8fa-9bba-11e8-9702-5946bae86e6d A fascinating break-down of Saudi Aramco's finances from Bloomberg... https://www.bloomberg.com/news/articles/2018-04-13/the-aramco-accounts-inside-the-world-s-most-profitable-company Saudi Arabia's 2018 budget explained by Bloomberg https://www.forbes.com/sites/ellenrwald/2017/12/19/saudi-arabias-2018-budget-is-the-countrys-largest-ever/#3850470f5e29 The Washington Post's Better Late Than Never, but frankly kind of kick-ass editorial page condemnation of the Saudi War On Yemen https://www.washingtonpost.com/opinions/global-opinions/end-us-support-for-this-misbegotten-and-unwinnable-war/2018/08/18/35a1f256-a249-11e8-93e3-24d1703d2a7a_story.html?noredirect=on&utm_term=.8aba6f130eb9 Uber's 2016 Valuation https://www.nytimes.com/2016/06/02/technology/uber-investment-saudi-arabia.html Uber's 2018 Valuation https://www.forbes.com/sites/greatspeculations/2018/02/22/breaking-down-ubers-valuation-an-interactive-analysis/#5a7039bd4785 Visit our Website at http://www.morefreedomfoundation.com Please subscribe to the e-mail newsletter which can be found here: http://eepurl.com/MNoEj If you are interested in supporting our work you can donate on Patreon: https://www.patreon.com/user?u=493721 Or you can buy one of our essays: http://www.amazon.com/Robert-Morris/e/B006DS0Q2U/ref=ntt_athr_dp_pel_1 Check out our Reddit! https://www.reddit.com/r/MoFreedomFoundation/
Views: 13530 MoFreedomFoundation
Saudi sovereign fund pif taps merrill lynch banker alireza zaimi for senior role
 
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Saudi sovereign fund pif taps merrill lynch banker alireza zaimi for senior role Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has hired Bank of America Merrill Lynch (BofA) banker Alireza Zaimi for a senior role at the fund, a source familiar with the ma...
Views: 172 Tessa Martinez
The first view of #Riyadh AMC Movie theater.. First Cinema after 37 years of ban
 
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السعودية تفتتح اليوم أول صالة سينما لأول مرة منذ ثلاثة عقود، يقصّ السعوديون في التاسعة من مساء يوم غد الأربعاء، بمركز الملك عبد الله المالي في العاصمة الرياض، شريط افتتاح أول دار سينما في البلاد، وذلك من خلال عرض فيلم النمر الأسود (Black Panther). #FirstCinemaRiyadh Saudi Arabia to show ‘Black Panther’ to mark cinema opening Saudi Arabia held a private screening Wednesday of the Hollywood blockbuster “Black Panther” to herald the launch of movie theaters in the kingdom that are expected to open to the public as early as next month. Authorities planned an invitation-only screening of the movie in a concert hall converted into a cinema complex in the capital, Riyadh. The screening will be followed by a rush to build movie theaters in major cities. The Development and Investment Entertainment Company (DIEC), a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund (PIF), will oversee the historic launch of the Kingdom’s first public cinema in collaboration with AMC Entertainment at a newly set up cinema complex at King Abdullah Financial District (KAFD) in Riyadh. Abdullah Al Dawood, Chairman of DIEC, said: “DIEC is very proud to launch the first public cinema in Saudi Arabia in partnership with AMC and do so in such an iconic location.” KAFD, which is hosting the first AMC Cinemas complex, is Saudi Arabia’s Central Business District which will provide modern, integrated and mixed-use areas, comprising high quality office, residential and hospitality space. Adam Aron, CEO of AMC Entertainment, said: “At AMC we have around 1,000 theaters and 11,000 screens across the globe – but none of them have caught the world’s imagination like this one. When I talked to people around the world in recent weeks it was clear that this is a historic event.” The Saudi government has dubbed Wednesday’s event as “the showing of the first commercial film in the kingdom after more than 35 years.” “This is a landmark moment in the transformation of Saudi Arabia into a more vibrant economy and society,” Saudi Minister of Culture and Information Awwad Alawwad said in statement. It’s a stark reversal for a country where public movie screenings were banned in the 1980’s during a wave of conservativism that swept Saudi Arabia then. The move to open movie theaters in Saudi comes as part of Crown Prince Mohammed Bin Salman efforts to reform various aspect of Saudi Arabia’s political, economic and social life. The crown prince is behind measures such as lifting a ban on women driving that will go into effect this summer, and bringing back concerts and other forms of entertainment to satiate the desires of the country’s majority young population. The social push by Prince Mohammed is part of his so-called Vision 2030, a blueprint for the country that aims to boost local spending and create jobs amid sustained lower oil prices. The Saudi government projects that the opening of movie theaters will contribute more than 90 billion riyals ($24 billion) to the economy and create more than 30,000 jobs by 2030. The kingdom says there will be 300 cinemas with around 2,000 screens built by 2030. Over the past several years, Saudi Arabia has gradually been loosening restrictions on movie screenings, with local film festivals and screenings in makeshift theaters. For the most part, though, Saudis who wanted to watch a film in a movie theater would have to drive to nearby Bahrain or the United Arab Emirates for weekend trips to the cinema. سينما في المملكة العربية السعودية
Views: 3146 SaudiHolic
Saudi Arabia investing big in tech
 
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The Saudi Arabian sovereign wealth fund (PIF) currently has $230 billion in assets and has been investing big in technology recently. Subscribe: http://trt.world/subscribe Livestream: http://trt.world/ytlive Facebook: http://trt.world/facebook Twitter: http://trt.world/twitter Instagram: http://trt.world/instagram Visit our website: http://trt.world
Views: 8004 TRT World
According to a report from the Financial Times, Saudi Arabia's Public Investment Fund (PIF) has hedg
 
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According to a report from the Financial Times, Saudi Arabia's Public Investment Fund (PIF) has hedged against its Tesla stake after Tesla announced job cuts.: https://www.autoblog.com/2019/01/28/saudi-arabia-pif-tesla-hedge/. Thanks for watching, subscribe for more videos: https://www.youtube.com/channel/UC2GAC_pAIOS2LwW0RGJfxXQ?sub_confirmation=1 Saudi Arabia's Public Investment Fund (PIF) has slashed its exposure to Tesla Inc, the Financial Times reported on Monday, citing people with direct knowledge of the matter, sending the electric car maker's shares down 2 percent. The sovereign fund, with help from JPMorgan Chase, hedged most of its 4.9 percent stake in Tesla after the market closed on Jan. 17, FT reported. On Jan. 18, Tesla said it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down as much as 10 percent. As part of the hedging program, PIF will still hold the shares but with little exposure to the stock's movements, according to the report. The derivative used to put on the hedge is known as an equity collar, which are bespoke instruments that are costly to finance and have become popular with Middle Eastern and Asian investors, the newspaper said. Tesla declined to comment, while PIF could not be immediately reached for a comment. Tesla Chief Executive Officer Elon Musk said in August that the PIF had expressed support for a $72 billion deal to take the company private. The U.S. Securities and Exchange Commission in its suit, however, had said that the meeting between Musk and the fund "lacked discussion of even the most fundamental terms of a proposed going private transaction." Reporting by Vibhuti Sharma and Supantha Mukherjee. Related Video: Tesla Information All Tesla Models For Sale Rebates & Incentives Owner Ratings News and Reviews Photos Videos More Tesla Information #According, #report, #from, #FinancialTimesSaudiArabia, #PublicInvestmentFund(PIF), #hedged, #against, #Tesla
Views: 22 Bpshoa Aucsig
Blackstone, Saudi's PIF plan $40 billion infrastructure investment fund
 
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Blackstone, Saudi's PIF plan $40 billion infrastructure investment fund
Views: 56 Business ABC News
Saudi Arabia launches national state company for military industries (SAMI)
 
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The state-owned Saudi Public Investment Fund (PIF) announced on Wednesday the launching of a national state company for arms manufacturing to produce thousands of jobs in the kingdom. The new company, Saudi Arabian Military Industries (SAMI), is part of the kingdom’s 2030 Vision, the sovereign wealth fund PIF said in a statement. Read the full story here: http://ara.tv/j8nkm _________________________ Like us on Facebook: https://www.facebook.com/alarabiya.english Follow us on Twitter: https://twitter.com/AlArabiya_Eng Like us on Google+: https://goo.gl/L5Nqcx Al Arabiya English website: https://english.alarabiya.net/ Subscribe to our Youtube channel: https://goo.gl/fQ0RkI __ The English site of the Arab world's leading news channel
Views: 2773 Al Arabiya English
$100 million to invest in transport projects in Russia
 
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An agreement to invest up to $100 million in transport projects in Russia Was signed by Russian sovereign wealth fund RDIF and Saudi Arabia's Public Investment Fund In a statement, RDIF said the funds would become shareholders in United Transport Concession Holding Set up to carry out investment projects in building and operating roads and railways in Russia It added that Abu Dhabi's state-owned Mubadala fund would also co-invest in the holding company The statement stated that the three partners are studying participation in three projects In Moscow and St Petersburg and they expect to invest a total of 13 billion rubles ($226 million) The agreement is part of a large package of deals signed between Russia and Saudi Arabia during King Salman's visit to Moscow
Views: 56411 CIC Saudi Arabia
PIF one year hoorah
 
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Views: 88 Justin mount
POSCO to sell stake in its construction unit to Saudi fund / YTN
 
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POSCO Co. has signed a deal to sell a 38 percent stake in its construction unit, POSCO Engineering · Construction Co. to Saudi Arabia's sovereign wealth fund. The deal between POSCO and Saudi Arabia's Public Investment Fund (PIF) is said to help boost cooperation of the two sides in infrastructure projects in the Middle East country. The largest Korean steelmaker is to sell its stake in POSCO E·C to PIF for 1.24 trillion won ($1.12 billion). Even after the deal, POSCO will continue to be the largest shareholder in POSCO E·C with a 52.8 percent stake with PIF ranking second. ▶ 기사 원문 : http://www.ytn.co.kr/_pn/1207_201506161027448219 ▶ 제보 안내 : http://goo.gl/gEvsAL, 모바일앱, [email protected], #2424 ▣ YTN 유튜브 채널 구독 : http://goo.gl/Ytb5SZ [ 한국 뉴스 채널 와이티엔 / Korea News Channel YTN ]
Views: 125 YTN NEWS
Why Are Foreign Fund Managers Fleeing Saudi Arabia?
 
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- The Saudi Public Investment Fund has seen a series of resignations by foreign fund managers recently for a number of reasons, among which is the lack of proper standards of accountability and auditing. The Khashoggi case made investments in Saudi more volatile. For TRANSCRIPTS of this and other videos, please visit: http://www.desertvox.com
Views: 48 Desert Vox
Saudi Arabia's sovereign wealth fund secures $11B loan
 
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Saudi Arabia’s sovereign wealth fund has taken out a massive loan. The Public Investment Fund (PIF) said on Monday that it had completed its first round of commercial borrowing – a syndicated loan valued at $11 billion. It did not detail which banks were involved. The PIF said the loan was larger than initially anticipated due to “strong interest and favorable pricing” and the cash will be used for “general corporate purposes.” The fund has already committed significant amounts of cash to new investments around the world, since it launched in 2017. Tesla CEO Elon Musk said last month the fund had purchased a nearly 5 percent stake in the electric automaker, before becoming the centerpiece of a debacle Opens a New Window. regarding Musk’s consideration to take his company private. On Monday, Reuters reported that the PIF had invested $1 million in Tesla rival Lucid Motors, which is planning to launch its first electric vehicle in 2020. The PIF invested $3.5 billion in ride-sharing company Uber last year and has committed tens of billions to a Blackstone Group-managed U.S. infrastructure fund. Saudi Arabia’s PIF is a centerpiece of its initiative to modernize the kingdom’s economy. The comprehensive plan, known as Vision 2030, was laid out in April by the country’s leaders and involves transferring 5 percent of state-owned Saudi Aramco to the investment fund through an initial public offering (IPO), expected to be the largest in history. The Aramco IPO could attract a $2 trillion valuation. The kingdom is expecting to raise $100 billion to invest in companies around the world. The IPO, originally planned for 2018, has been postponed for the time being. The idea is that revenue generated from these investments can be used to sustain its budget even when oil prices, or supply, are low.
Views: 66 Good America
Construction Week In Focus | Saudi Arabia's The Red Sea Project in 2019
 
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Saudi Arabia’s Crown Prince HRH Mohammed Bin Salman, through the Public Investment Fund, is driving gigaproject development in the kingdom. Construction has progressed on one such scheme, The Red Sea Project, in 2019. In February 2019, it was revealed that pre-construction work has started on the 28,000 kilometre-square The Red Sea Project, with the enabling stage of the scheme set to deploy modular and prefabricated engineering techniques. The project’s ‘Base Camp’ marks the first of “numerous enabling works” that will be implemented in 2019 to deliver essential infrastructure for the scheme, according to The Red Sea Development Company, or TRSDC, which is wholly owned by Saudi sovereign wealth fund PIF. Sixty people were living and working within Base Camp at the time, with this number including project and construction managers, government affairs specialists, and health, safety, and environment specialists. TRSDC’s chief executive officer, John Pagano, said the “remote nature of the site” is likely to present some logistical challenges, which will be addressed by the work that gets under way at Base Camp. Pagano added that The Red Sea Project’s development will be used as an opportunity to “set a new standard of excellence for labour management in the region”. Among Base Camp’s top priorities is the development of Construction Village, a compound that will house around 10,000 staff in Phase 1. Work on The Red Sea Project’s Construction Village will begin in Q2 2019. Another project that will be developed within the scheme is Management Village, as part of The Red Sea Project’s Phase 0 works. Management Village will replace Base Camp as the centre of TRSDC’s operations, as well as “project management and corporate functions”, when it is complete, with work on the hub due to begin in the second quarter of 2019 as well. A temporary bridge will be developed to connect the shore to a hub island that will be the The Red Sea Project – Phase 1’s “focal point”. The bridge will facilitate the transportation of materials, and allow jetties to access more remote islands within The Red Sea Project. In a statement, TRSDC said enabling works will adopt prefabricated and modular construction “where appropriate” to minimise the environmental and social impact on the natural site in Saudi Arabia. Buildings and structures will be manufactured both within Saudi Arabia and abroad, and later shipped to be placed as “large prefabricated elements, thereby reducing the demand for onsite labour and temporary utilities”. Base Camp includes a prayer hall, a dining room, a gym, and other residential amenities, with solar heaters used for hot water provision. Commenting on Base Camp’s launch, CEO Pagano said the development took TRSDC “another step closer” to the gigaproject’s progress. He continued: “The Base Camp is an essential first step in preparing the destination for construction. “As with every aspect of the project, we are working hard to ensure that our operations have minimal impact on the surrounding ecosystems while providing a safe and comfortable environment for our people to work in. “As work progresses on the destination, we will be carefully monitoring our environmental impact.” In this video, Construction Week's editor, Neha Bhatia, outlines how The Red Sea Project has progressed in 2019, and what to expect from the Saudi Arabian gigaproject in the months to come. All footage in this video is courtesy of The Red Sea Development Company. This video is brought to you by Dubai Electricity and Water Authority (Dewa). CAMERA and EDITING: Ashford Fernandez PRODUCER CONTACT: Neha Bhatia neha[.]bhatia[@]itp[.]com SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/c/constructionweekonlinecom READ MORE ON OUR WEBSITE: http://constructionweekonline.com FIND US ON FACEBOOK: https://www.facebook.com/constructionweekonline/ FOLLOW US ON TWITTER: https://twitter.com/cwmiddleeast TUNE IN TO OUR SOUNDCLOUD STREAM: https://soundcloud.com/constructionweek FOLLOW US ON INSTAGRAM: https://instagram.com/constructionweek/ © ITP MEDIA GROUP
Views: 4666 Construction Week
Construction Week In Focus: Saudi Arabia's Red Sea Project [2019]
 
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Saudi’s planned Red Sea Project has reached a major milestone on 22 January after its developer, the Red Sea Development Company, received approval for the gigaproject’s master plan from its board of directors. TRSDC's board is chaired by HRH Mohammad bin Salman bin Abdulaziz Al Saud, Crown Prince of Saudi Arabia, First Deputy Prime Minister, President of the Council for Economic and Development Affairs, Minister of Defense, and chairman of Public Investment Fund (PIF). The developer, a wholly owned entity of PIF, said the was developed in partnership with US architecture firm WATG, and Buro Happold from the UK. "Some of the world’s most prominent architecture firms” were also included, TRSDC added. In this episode of Construction Week In Focus, Jack Ball senior reporter at Construction Week, details what this masterplan milestone means for the Red Sea Project, and perhaps more importantly, how it fits into the kingdom’s wider plan to boost its tourism credentials. READ MORE: * Saudi Crown Prince leads Red Sea project briefing for King: https://bit.ly/2DJsNEk * Saudi Crown Prince-led board okays Red Sea Project masterplan: https://bit.ly/2Rt68PY LISTEN: * Podcast: Saudi's $500bn Neom and Red Sea gigaprojects advance: https://bit.ly/2Rtvuxg CAMERA: Liju Cheravathur EDITING: Ashford Fernandez Some visuals in this video are courtesy: TRSDC: https://bit.ly/2RXtDWK SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/c/constructionweekonlinecom READ MORE ON OUR WEBSITE: http://constructionweekonline.com FIND US ON FACEBOOK: https://www.facebook.com/constructionweekonline/ FOLLOW US ON TWITTER: https://twitter.com/cwmiddleeast TUNE IN TO OUR SOUNDCLOUD STREAM: https://soundcloud.com/constructionweek FOLLOW US ON INSTAGRAM: https://instagram.com/constructionweek/ © ITP MEDIA GROUP
Views: 5418 Construction Week
Public investment fund to establish recycling sector company
 
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Public investment fund to establish recycling sector company --------------------------------------------------- "subscribe channel news:https://goo.gl/oxjFoZ subscribe chanel sports: https://goo.gl/yVsLfJ Twitter :https://twitter.com/HNguyn04741372 Google+ :https://plus.google.com/u/0/ Facebook :https://www.facebook.com/profile.php?id=100021505770298 Please click the Subscribe button to receive our latest videos, click Like to support the author and grow the channel. We are very grateful for your work! "
Views: 35 NEW YORK TIME
Saudi Arabia's PIF Shows No Interest In Tesla
 
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Reuters reports that Saudi Arabia’s Public Investment Fund has shown no interest so far in financing Tesla Inc CEO Elon Musk’s proposed $72 billion deal to take the U.S. electric car maker private. This despite acquiring a minority stake in the company this year, two sources familiar with the matter said. The 47-year-old investor and engineer stunned financial markets on Tuesday when he said on Twitter that he was considering a take-private deal for Tesla. The auto manufacturing pioneer developed the world’s first luxury all-electric sedan car. He also said he had secured funding for the proposal, without providing details. Investors and analysts viewed PIF as a natural financing partner. Beyond amassing a stake of just below 5 percent in Tesla, the sovereign wealth fund has poured tens of billions of dollars into technology investments, including $45 billion in SoftBank Group Corp’s Vision Fund over five years. http://feeds.reuters.com/~r/reuters/topNews/~3/Of94pIiWt28/exclusive-saudi-arabias-pif-has-shown-no-interest-in-bankrolling-tesla-buyout-idUSKBN1KW0FA http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
Views: 224 Wochit News
Future Investment Initiative 2017
 
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An Innovative High-level Initiative Форум The Future Investment Initiative (FII) результат деятельности суверенного фонда Саудовской Аравии Public Investment Fund (PIF) - это новаторское глобальное инвестиционное мероприятие, способное объединить самых влиятельных инвесторов в мире, бизнес-лидеров, умнейших людей нашего времени и государственных деятелей с передовыми инновациями, которые будут определять будущее. Управление осуществляется под патронажем Короля Саудовской Аравии, Хранителя двух исламских святынь, Салмана бен Абдель Азиза Аль Сауда, и под руководством Его Королевского Высочества принца Мохаммада бин Салмана Аль-Сауда, Наследного принца, Заместителя премьер-министра, Председателя Совета по экономическим вопросам и вопросам развития, а также Председателя (PIF). Форум объединяет мировых руководителей и инвесторов с ведущими мировыми экспертами из ряда отраслей промышленности, чтобы изучить продвижение бизнеса с точки зрения развития инноваций, технологий и инвестиций. Официальный сайт: http://futureinvestmentinitiative.com/en/home
Saudi PIF in talks to invest in aspiring Tesla rival Lucid
 
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PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO Elon Musk has said could help him fund a $72 billion deal to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid Motors Inc, people familiar with the matter said on Sunday. The talks between privately-held Lucid Motors and PIF underscore the latter's appetite to invest in electric car makers to diversify the oil-rich Middle Eastern kingdom's investment portfolio. . . . . . . Help us to be better -- Subscribe this channel https://www.youtube.com/channel/UCCeXTPuN23WaP8NotLtv_Nw?view_as=subscriber Backsound Free Royalty License by "Music: www.bensound.com or "Royalty Free Music from Bensound"
Views: 47 Travel Oke Oce
SoftBank has been throwing money around: WSJ reporter Liz Hoffman
 
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The Wall Street Journal's Liz Hoffman and CNBC's Deirdre Bosa and Jon Fortt join the "Power Lunch" team to discuss Hoffman's report Japan's SoftBank is considering an initial public offering of its $100 billion Vision Fund. » Subscribe to CNBC TV: http://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: http://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #CNBCTV
Views: 5200 CNBC Television
Arapların TESLA ile Ne İşi Var?
 
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Petrol zengini Arapların Tesla ile ne işi olabilir? Ya da Suudi Arabistan’ın Public Investment Fund’ı PIF, Tesla’nın %5 hissesine sahipken, Tesla’nın rakibi Lucid’e neden 1 milyar dolar yatırım yapmak isteyebilir? Suudi Arabistan için petrole olan bağımlılığın sonuna mı geliyoruz? Suudlar ülke dışına çıkarak yatırımlarını teknoloji alanına kaydırmakla neyi amaçlıyor? Gelin Arapların teknoloji yatırımlarının perde arkasına birlikte bakalım. Abone Ol: http://erkurt.co/alierkurtyoutube Blog: http://alierkurt.com Twitter: http://twitter.com/alierkurt Instagram: http://instagram.com/alierkurt Disclaimer for Fair Use: Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
Views: 1210 Ali Erkurt
1,00,00,00,00,000 SR for Public Investment Fund KSA / King Salman
 
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V Good News Update Latest for All, Saudi king allocates 100 billion riyals from reserves to public investment fund Under economic reforms announced early this year, the Saudi government said it aims to expand the P I F , founded in 1971 to finance development projects in the country.
Views: 39 SOCIAL LIFE
What Are The Characteristics Of Muhamad Bin Salman’s Plane
 
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What Are The Characteristics Of Muhamad Bin Salman’s Plane Muhamad B Saudi Arabia Crown Prince Mohammed Bin Salman's media minister has denied reports linking him with a £3.8bn takeover of Manchester United. Rumours of his interest resurfaced over the weekend, although reports suggest the Glazers are not looking to sell. United's American owners bought the club for £790m in May 2005. "Reports claiming that HRH the Crown Prince Mohammed Bin Salman intends on buying Manchester United are completely false," said Turki al-Shabanah. "Manchester United held a meeting with PIF [​Public Investment Fund] Saudi to discuss a sponsorship opportunity. No deal has materialised." Prince bin Salman, 33, was appointed Crown Prince of Saudi Arabia in June 2017. Saudi Arabia has been condemned for its human rights record and has faced scrutiny over the death of journalist Jamal Khashoggi at a Saudi embassy last year. In October, Manchester United pulled out of an investment forum in Saudi Arabia amid the fallout from Khashoggi's death. The Old Trafford club posted a record revenue of £208.6m for the second quarter of 2018 and earnings before interest, taxes, depreciation, and amortization of £104.3m. However, reports suggest the Glazers' takeover almost 14 years ago has come at a cost of more than £1billion to the club.
Views: 179 Urdu News Pakistan
pif
 
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pif
pif
Views: 1224 Five Dollar Funnel
PIF COMMERCIAL.2018
 
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Chef Tee, chef Rit and chef Mit
Views: 41 Rita Ava
Lucid Motors gets $1 billion investment from Saudi Fund
 
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DUBAI, Sept 17 (Reuters) - Saudi Arabia's Public Investment Fund (PIF) has agreed to invest more than $1 billion in Lucid Motors, adding to the emerging competition facing U.S. electric vehicle maker Tesla. The funding will enable Silicon Valley-based Lucid to achieve the commercial launch of its Lucid Air electric vehicle in 2020, PIF said as it announced the deal on Monday, joining Daimler-owned Mercedes, BMW and Volkswagen's Audi and Porsche divisions in the battle for dominance in the market for premium battery cars. The deal comes only a few weeks after Tesla founder Elon Musk said the Saudi sovereign wealth fund could help him to take his company private. Shares in Tesla initially dropped 2.2 percent on Monday's announcement before recovering to positive territory. The Lucid investment, which PIF said is more than $1 billion but failed to give an exact figure, is also part of Saudi Arabia's efforts to build an environmentally friendly economy as it presses ahead with the Vision 2030 plan to diversify the kingdom away from reliance on crude oil. "By investing in the rapidly expanding electric vehicle market, PIF is gaining exposure to long-term growth opportunities, supporting innovation and technological development and driving revenue and sectoral diversification for the Kingdom of Saudi Arabia," a PIF representative said. . . . . . . Help us to be better -- Subscribe this channel https://www.youtube.com/channel/UCCeXTPuN23WaP8NotLtv_Nw?view_as=subscriber Backsound Free Royalty License by "Music: www.bensound.com or "Royalty Free Music from Bensound"
Views: 121 Travel Oke Oce
New Generation of Saudis See Opportunity from Shedding Oil Reliance
 
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On Wednesday, President Obama traveled to Saudi Arabia to meet with King Salman and other Persian Gulf partners. Central to the conversation was the bipartisan 9/11 bill that is currently being debated in the Senate, a piece of legislation that may put the president in an awkward position with his Middle Eastern allies. The President’s visit got off to a rocky start when he arrived in Riyadh on Air Force One, only to be greeted by the governor of Riyadh rather than a senior-level royal. The U.S.-Saudi relationship is starting to resemble an old couple trapped in a failed marriage, yet neither are willing to separate or get a divorce. The United States’ dependency on Saudi for oil only complicates matters. But that is all about to change as Saudi Arabia plans to reduce its reliance on oil by selling shares through an initial public offering, or IPO, of its state-sponsored oil company, Saudi Aramco. The project is being led by Deputy Crown Prince Mohammad bin Salman, who believes that selling Saudi oil shares will help create more than $2 trillion dollars for a Public Investment Fund (PIF) that is intended to help diversify the Saudi economy. “I think it’s a smart decision by the Saudi government to go ahead and diversify their economy,” said economist Randa Fahmy Hudome, President of Fahmy Hudome International, who served in President George W. Bush’s administration. “With the price of oil, the way it is right now, I think it’s great foresight. The future economy is very important in that we’re not going to be, certainly in this country and around the world, totally dependent on petroleum resources where renewables and other sources of energy are coming to the forefront.” The current price of oil is listed at around $43 per barrel (WTI Crude Oil price). Since 2011, this number has fluctuated wildly, ranging from a high of $112 in April 2011 to a low of $29 per barrel last February. It has been on a downward trend since June 2014. While many believe that the Saudi government is simply streamlining revenue through other sources, Reem Asaad, a columnist and financial advisor in Jeddah, told GVH Live that there is more to it than that. “Prince Mohammad bin Salman clearly said that everybody thinks that IPO’ing Aramco is about augmenting the revenue, but this is not exactly the case,” Asaad explained. “This is augmenting the revenue and trying to narrow the deficit gap.” At the beginning of the year, the Saudi government reported a deficit of 367 billion riyals ($97.8 billion), forecasting they could shrink it down to 326.2 billion riyals ($87 billion). Asaad praised the leadership of both Prince Mohammad bin Salman and Crown Prince Muhammad bin Nayef for not only improving security, but also making the right call for the economy. “There’s this old adage that says that ‘best things come under tremendous pressure’,” said Asaad. “I think the government now is really sensing the urgency of implementing a change.” Many believe that the leadership of Prince Mohammad bin Salman, who’s only 30 years old, is benefiting for Saudi millennials. “[The government] used to create jobs for people,” Khalid Alotibi, an economics student at George Mason University, told GVH Live. “Now, it will use another way by helping people find jobs through investing in education.” According to the World Bank, the total unemployment rate in Saudi Arabia is 5.5 percent, however, the youth unemployment rate is more than five times greater. “The young people will be part of the growth of the country,” said Ibraheem Alanazi, a graduate journalist in Washington, DC. “And young people will find jobs … not depending on the government. The jobs will depend on different companies, resources and investments.” While Prince Mohammad bin Salman wasn’t appointed as the heir presumptive by King Salman, he’ll have quite a substantial role going forward for the Kingdom as they continue to immerse themselves in the global economy.
Views: 735 GVH Live
Визит короля Саудовской Аравии в Россию 2017
 
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В аэропорту Внуково-2 в Москве у короля Саудовской Аравии? сломался трап-эскалатор Король Салман бен Абдель Азиз Аль Сауд начал спускаться по эскалатору. В этот момент, трап внезапно остановился, Аль Сауд уже проехал часть пути. Король подождал некоторое время, оглянувшись по сторонам, после чего решил спуститься самостоятельно, без посторонней помощи. Это хороший знак, означающий что сближать должен не только технический прогресс а и созидательные поступки людей. Это первый, за всю историю современной России, официальный визит в Россию. В аэропорту его величество встретили спецпредставитель президента по Ближнему Востоку и странам Африки, заместитель министра иностранных дел Михаил Богданов, а также посол страны в Москве Абдуррахман ар-Расси. Король Саудовской Аравии во время своего визита проведет переговоры с президентом Владимиром Путиным. Стороны рассмотрят совместные шаги по дальнейшему наращиванию двустороннего взаимодействия в инвестиционной, торгово-экономической и культурно-гуманитарной сферах, а также подпишут ряд совместных документов. В их числе заключение соглашения о совместном фонде Российского фонда прямых инвестиций (РФПИ) и Суверенного фонда Саудовской Аравии Public Investment Fund (PIF). Во время встречи, его величество предложил президенту России, Владимиру Владимировичу путину посетить Саудовскую Аравию. "Нам доставляет радость находиться в вашей дружественной стране, что подтверждает наше стремление к укреплению и усилению отношений между нашими странами и народами в различных областях" - сказал король Салман бен Абдель Азиз Аль Сауд. Президент России с радостью принял предложение монарха. В пятницу, 6 октября, с Аль Саудом также проведет встречу премьер-министр Дмитрий Медведев. Министр иностранных дел Сергей Лавров сказал, что встреча лидеров Саудовской Аравии и России станет поворотным пунктом в наших отношениях и выведет сотрудничество на новый уровень, обеспечивающий плодотворный вклад в стабильность на Ближнем Востоке и в Северной Африке. В свою очередь, глава МИД Саудовской Аравии Адель аль-Джубейр назвал визит короля в Россию историческим событием. Salman bin Abdulaziz Al Saud, king of Saudi Arabia, arrives in Moscow for the first-ever visit of a ruling Saudi monarch to Russia King of Saudi Arabia Salman bin Abdul Aziz Al Saud arrived in Moscow for a state visit, Wednesday. As part of his first visit to Moscow, the king will meet with Russian President Vladimir Putin on Thursday. http://lidernews.com/news/v-aeroportu-vnukovo-2-v-moskve-u-korolya-saudovskoj-aravii-slomalsya-trap-eskalator.html
Views: 687 Ваш Чартер
Tesla Privatization Update: What Now?
 
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Follow Nikki on Twitter: https://www.twitter.com/Aminorjourney Follow the show on Twitter https://www.twitter.com/TransportEvolve Buy Transport Evolved SWAG : https://shop.spreadshirt.com/Transportevolved/ Support us on Patreon: https://www.patreon.com/transportevolved Make a Bitcoin Donation. URI: bitcoin:1FJooSP4d9wNVWHyJSgP4me1HB2KX8MALW Subscribe to our second channel at https://www.youtube.com/channel/UCXQSHyC8muqdwKOWGiHuy4g Help Transport Evolved's Studio Drive Drive ;) https://www.amazon.com/registry/wishlist/AMDU1TULB8R6/ Last week, Elon Musk made a Tweet referencing taking Tesla private at a price of $420, with "funding secured." At the time we, and several other outlets, tried to speculate who it was that Musk had secured funding from, and postulated that the best fit seemed to be the Saudi Arabia Public Investment Fund (PIF)  Earlier today, Elon Musk made an official post on Tesla's website confirming that indeed this was the intended source of Tesla's privatization funding (https://www.tesla.com/blog/update-taking-tesla-private). But with some sources claiming that the Saudi Arabia PIF hasn't confirmed its intent to invest, it's still not clear what's going to happen next.  So, in order to help, here's what's going on thus far, what's likely to happen, and what hurdles need to be overcome for Tesla's privatization to occur.
Views: 15147 Transport Evolved
Why Musk Enlisting Help From Saudi Arabia Is A Good Match To Bring Tesla Private
 
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As the debate over whether Tesla CEO Elon Musk's go-private plan for Tesla rages on, it's worth it to take a closer look at the investor he suggested in his now infamous "funding secured" tweet and subsequent blog post would be his key partner in a delisting. Although Japan's SoftBank was, according to Musk, one of several entities that had approached him about taking Tesla private, the focus has been in the Saudi sovereign wealth fund, known officially as the Public Investment Fund. If Musk truly thought he had privatization funding lined up, then it sounds as if the PIF was his best bet. Analysts and commenters were quick to note the irony of the world's most famous electric-car company and the world's most prominent oil-economy skeptic working with the world's largest petroleum economy. However, that complaint overlooks that the PIF is supposed to diversify the Saudis away from oil. Over the long haul, the kingdom is aware that the crude will run out. Beyond that, oil as a transportation fuel might also decline in the 21st century. https://www.businessinsider.com/tesla-take-private-deal-how-the-saudis-could-fund-deal-2018-8 http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com
Views: 53 Wochit Business
MENA Report: September 14th, 2018
 
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09/14/18 The trading week is winding down in the US, but in the Middle East, markets are already in the books. Here's MWS' Hoda Osman bringing you all the details of what happened this week in the Middle East (MENA) markets. Egypt announced that it is lifting tariffs heavily on tariffs while the nation's foreign debt continues to soar. Also, Saudi Arabia’s Public Investment Fund (PIF) will be signing an $11 billion dollar loan. Subscribe NOW to Modern Wall Street: http://bit.ly/2wsU9rO Get more Modern Wall Street: Like Modern Wall Street: http://Facebook.com/modernwallstreet/ Follow Modern Wall Street: http://Twitter.com/ModernWallSt Insta Follow: http://Instagram.com/modernwallstreet/
Views: 25 Modern Wall Street
KingSalman and Crown Prince Mohamed bin Salman launching qiddiya project.
 
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Custodian of the Two Holy Mosques King Salman officially launched on Saturday Qiddiya, the entertainment, sports and cultural destination that will be the first of its kind in the Kingdom. Spanning an area of 334 square kilometers, the new destination is just 40 kilometers west of the Saudi capital, Riyadh. The ground-breaking ceremony was conducted in the presence of Crown Prince Muhammad Bin Salman, Deputy Prime Minister, Minister of Defense and Chairman of the Public Investment Fund, as well as several princes and ministers and an audience of 300 dignitaries from around the world. King Salman placed the last baton of the Qiddiya logo, triggering a spectacular firework show that lit up the sky outside the capital and dramatically illuminated the Tuwaiq Mountain cliffs overlooking the site. The Public Investment Fund (PIF), which supports the project, affirmed that Qiddiya is a cultural, recreational and social achievement that strengthens the rich fabric of Saudi Arabia and meets the growing needs of Saudi citizens to develop their hobbies, test their talents and enjoy domestic tourism and leisure activities. Qiddiya will also be a significant addition to the Saudi economy, and will enhance national income sources. More importantly, it is the center of a completely new economic sector that will also lead to the emergence of additonal sectors and services as it develops.
Views: 119 Leaders Mena