Public Investment Fund News
Midad Real Estate, Kerzner to Bring Atlantis and One&Only to Jeddah Waterfront
Midad Real Estate Company has announced a landmark joint venture with Jeddah Central Development Company (JCDC), a Public Investment Fund (PIF)-owned company, and Kerzner International, the global hospitality leader behind the iconic Atlantis and One&Only brands. The signing took place at TOURISE Global Summit, in attendance of the Ministry of Tourism, His Excellency Ahmed Al-Khateeb and His Excellency, Mohammad Al Shaibani, Chairman of the Board of Directors, Kerzner International.
Rua Al Madinah Holding Signs $165M Hospitality Deals to Boost Tourism
Rua Al Madinah Holding, a subsidiary of the Public Investment Fund (PIF), has announced the signing of two landmark hospitality agreements worth a combined USD 165 million during the inaugural TOURISE Global Tourism Forum in Riyadh. The deals, made with IHG Hotels & Resorts and Adeera Hospitality Management, mark a significant milestone in the ongoing transformation of Madinah’s tourism and hospitality landscape.
HRH Crown Prince Announces “Riyadh Air”
HRH Crown Prince Announces “Riyadh Air” – New National Carrier to Further Expand Saudi Aviation Ecosystem Locally and Globally