Tag: PIF

Construction & Real Estate

Roshn, Dawiyat in deal to develop telecom infrastructure at Saudi community

Roshn Group, Saudi Arabia's leading multi-asset class real estate developer powered by sovereign wealth fund PIF, has signed an agreement with Dawiyat Integrated Telecom and IT Company, a unit of Saudi Energy, to develop fibre-optic telecommunications infrastructure within its Aldanah community in Dhahran. ...

Construction & Real Estate

Cenomi Centres in deal to operate flagship retail destination in Al Khobar

Cenomi Centres, a leading developer of contemporary lifestyle destinations in Saudi Arabia, said it has signed an agreement with Saudi Downtown Company, a unit of the kingdom's sovereign wealth fund PIF, for the leasing and operation of its new flagship destination in the city of Al Khobar. ...

Construction & Real Estate

Roshn inks $293m deal to develop Sedra community plot

Roshn Group, Saudi Arabia's leading developer powered by sovereign wealth fund PIF, has signed a SAR1.1 billion ($293 million) agreement with Arabian Dyar, a pioneering real estate group in the kingdom, for the development of a 55,000 sq m land plot within the Sedra community in Riyadh. ...

Construction & Real Estate

Riyadh's King Salman International Airport signs 7 mixed-use projects deals

King Salman International Airport, a Public Investment Fund (PIF) company, has signed seven memoranda of understanding (MoUs) and cooperation agreements with a group of leading national real estate companies to develop a portfolio of mixed-use real-estate projects within its boundaries in Riyadh....

Construction & Real Estate

New Murabba seals agreement with US Green Building Council

New Murabba, a major developer powered by Saudi sovereign wealth fund PIF, has signed an agreement with the US Green Building Council to advance sustainable design and next-generation green building practices across Riyadh’s new downtown.​ ...

Construction & Real Estate

Soudah, National Grid sign $346m deal to power Saudi mountain luxury hub

Soudah Development, a Saudi PIF company has signed a SAR1.3 billion ($346 million) agreement with National Grid, a subsidiary of the Saudi Electricity Company, to deliver advanced power infrastructure for its ultra-luxury mountain destination - Soudah Peaks. ...

Construction & Real Estate

ROSHN champions local design talent through expanded Musahama initiative

The ROSHN Group, Saudi Arabia's leading multi-asset developer owned by the Public Investment Fund (PIF), launched the latest edition of its Musahama Design Competition at the recently held Cityscape Global in Riyadh, underscoring its commitment to nurturing local architectural and design talent....

Construction & Real Estate

HRH Crown Prince announces King Salman Gate project in Makkah

King Salman Gate, a transformative multi-use development in the Holy City of Makkah, has been announced by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Arabia's Crown Prince, Prime Minister and Chairman of the Board of Directors of RUA AlHaram AlMakki Company....