PIF seeks a chunk of the Saudi contracting elite

Issue 1145 - 11 Apr 2022 | 2 minute read

The Public Investment Fund (PIF) has been looking to buy into established local operators in a move to counter criticism – if not to chairman Crown Prince Mohammed Bin Salman (MBS)’s face – of the slow pace of its investment in the kingdom, compared to high-profile international deals such as motor company Lucid in the US and Newcastle United football club in the UK.

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