Tuesday, November 3, 2026
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Tag: pif

Construction & Real Estate

Lynx secures $220m Madinah Downtown mall, office contract

Arabian Centers Company (Cenomi Centers), a leading Saudi developer of lifestyle destinations, has announced that it has awarded a $220 million (SAR 825 million) design-and-build order to Lynx Contracting for the mall and office components of its Madinah Downtown project. ...

Construction & Real Estate

Sumou partners with Saudi Downtown on Al Khobar residential project

Sumou Real Estate Company has signed an agreement with Saudi Downtown Company, a key unit of the kingdom's sovereign wealth fund PIF, for the development of a prime residential project in Downtown Al Khobar, involving mid-rise buildings on a 28,292-sq-m plot south of the Boulevard....

Construction & Real Estate

Amana in deal to set up $266m hospital at New Murabba development

New Murabba, a unit of sovereign wealth fund PIF and the master developer of Riyadh’s modern downtown, has signed an agreement with Almana Medical Group to develop a 200-bed general hospital within its mega Saudi destination at a total investment of SAR1 billion ($266 million). ...

Construction & Real Estate

SEVEN officially opens doors of its key entertainment destination in Abha

Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of Qiddiya Investment Company (QIC) and a PIF company, has officially opened the doors of its Abha destination, marking the launch of the first entertainment destination in the kingdom's Aseer region. ...

Construction & Real Estate

Al Ajimi Contracting inks Al Khobar Downtown substation deal

Saudi Downtown Company, a unit of sovereign wealth fund PIF, has signed up Al Ajimi Contracting to build a substation as well as associated electrical infrastructure at its premium mixed-use development - Al Khobar Downtown - coming up in the kingdom’s Eastern Province. ...

Construction & Real Estate

Saudi Downtown awards infrastructure contract for Al Khobar mixed-use project

Saudi Downtown Company, a unit of sovereign wealth fund PIF, has announced that it has awarded the design and infrastructure development works contract for Al Khobar Downtown, a major mixed-use lifestyle, retail and entertainment destination coming up in the kingdom’s Eastern Province. ...

Construction & Real Estate

Saudi PIF, I Squared Capital sign $2bn infrastructure deal

Saudi sovereign wealth fund PIF said it has signed an agreement with infrastructure investor I Squared Capital to explore the deployment of up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies. ...

Construction & Real Estate

PIF, Talaat Moustafa in deal to develop key Saudi urban projects

Saudi Arabia's sovereign wealth fund PIF has reached an agreement with Talaat Moustafa Group Saudi that will see the duo explore opportunities, boost co-operation and collaborate in mixed-use real estate projects with the premium developments owned by PIF across the kingdom. ...

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. ...

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