In a groundbreaking move set to transform the global travel industry, His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz has announced the establishment of "Riyadh Air," a new national carrier wholly owned by the Public Investment Fund...

In a bold move to transform Saudi Arabia into a global tourism hub, the newly established Saudi Tourism Investment Company, Asfar, is set to revolutionize the industry. With a strategic focus on developing world-class tourism projects across the Kingdom,...

In a landmark transaction that underscores Saudi Arabia's ambition to diversify its economy, the Saudi Arabian Public Investment Fund (PIF) has announced a $3.5 billion investment in Uber Technologies. This significant move, part of Uber’s Series G fundraising round,...

In a groundbreaking move for Saudi Arabia's electric vehicle (EV) infrastructure, EVIQ, the Electric Vehicle Infrastructure Company, has launched a state-of-the-art research and development (R&D) facility in Riyadh. This pioneering venture, a joint effort between the Public Investment Fund...

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:In a decisive move to invigorate its venture capital industry, Saudi Arabia has launched a SAR 4 billion ($1.1 billion) fund dedicated to supporting small and medium-sized enterprises (SMEs). Approved by the Council of Ministers, the Al-Sanaeeq Fund aims...