Thursday Saudi

Our team of reporters in Saudi Arabia is always on the move, fuelled solely by Kahwah. Bringing you fresh, exciting coverage and stories you care about—straight from the heart of the Kingdom.

Vision 2030: Saudi Arabia offers Pakistan $200bn share of construction contracts

Saudi Arabia plans to allocate a significant portion of its $200 billion annual construction contracts to Pakistan, strengthening economic ties between the two nations, and aligning with Saudi Arabia's Vision 2030.

Saudi Arabia acquires 40% of Selfridges Group to drive European luxury retail interests

Saudi Arabia's Public Investment Fund (PIF) has acquired a 40% stake in Selfridges Group, partnering with Central Group, which holds the remaining 60%, to strengthen the luxury retailer's financial position and drive future growth.

Saudi Arabia poised to sell $10bn in Saudi Aramco shares to boost Public Investment Fund

Saudi Arabia is poised to sell at least $10 billion in Saudi Aramco shares to boost its Public Investment Fund (PIF) as part of its Vision 2030 economic diversification strategy. This sale follows the record-setting 2019 IPO and aims to further enhance the PIF’s assets amid ongoing mega-projects.

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