Saudi Sovereign Fund Backs Riviera of the Middle East

Posted on 10/11/2018


Saudi Arabia’s Public Investment Fund (PIF) has a domestic mandate to identify potential projects that can generate returns, while diversify the economy from non-oil sources. A new luxury destination, “Amaala,” is being planned to encourage tourism at Saudi Arabia’s Red Sea coast. This is the third project planned in the area. Saudi Arabia’s sovereign fund […]