Public Investment Fund signs $24.5B MOUs

The Saudi Public Investment Fund has signed three memoranda of understanding totaling up to $24.5 billion to boost international investments and develop the national economy. The agreements include a deal with the U.S. Export-Import Bank worth $15 billion to support logistics and technological projects, a memorandum with the International Finance Corporation for $6 billion to invest in infrastructure, energy, and healthcare sectors, and a third memorandum with the International Investment Guarantee Agency for $3.5 billion to support projects in the Middle East and North Africa region, with a focus on reducing emissions, promoting innovative industries, and creating job opportunities.

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