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Press Dossier   By Date  31/10/2024
Saudi aviation to enhance innovation, sustainability through new alliance
The Saudi aviation sector will benefit from a strategic alliance between the King Salman International Airport Development Co. and the Future Investment Initiative Institute to enhance innovation and sustainability.
Riyadh Air orders 60 next-generation Airbus A321 aircraft
Saudi Arabia’s Riyadh Air, a subsidiary of the Public Investment Fund, has signed an agreement to purchase 60 Airbus A321neo single-aisle aircraft, as it plans to commence its operations in 2025.
Closing Bell: Saudi main index slips to close at 12,018
Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 43.28 points, or 0.36 percent, to close at 12,018.81.
PIF partners with Google Cloud to create AI hub in Saudi Arabia
Saudi Arabia’s Public Investment Fund has formed a strategic partnership with Google Cloud to establish an advanced artificial intelligence hub near Dammam in the Eastern Province.
Saudi Arabia targeting 40% female workforce participation by 2030: Al-Jadaan
Saudi Arabia aims to achieve 40 percent female workforce participation in the Kingdom by the end of this decade, having already surpassed its Vision 2030 target of 30 percent, according to a senior official.
Saudi Arabia’s PIF signs MoU with Brookfield to launch $2bn investment platform
Saudi Arabia’s Public Investment Fund and Brookfield Asset Management Ltd. have signed a non-binding memorandum of understanding for the wealth fund to become a strategic anchor investor in Brookfield Middle East Partners.
ACWA Power inks $1.78bn agreements to boost renewable energy, R&D
Saudi utility giant ACWA Power signed four agreements valued at SR6.69 billion ($1.78 billion) on the first day of the eighth Future Investment Initiative in Riyadh.
Saudi-Pakistan business deals enhanced to $2.8bn, says Al-Falih
Saudi Minister for Investment Khalid Al-Falih said on Wednesday $2.2 billion in agreements and memorandums of understanding signed between Saudi and Pakistani businesses earlier this month had been enhanced to $2.8 billion.
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