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Public Investment Fund signs MoUs worth 24.5B
The Saudi Public Investment Fund signed three Memoranda of Understanding totaling up to $24.5 billion, aimed at supporting strategic investments, strengthening international partnerships, and promoting economic development in the Kingdom. The agreements included a memorandum with the U.S. Export-Import Bank worth $15 billion to enhance cooperation in advanced sectors such as space, aerospace, infrastructure, and future mobility; a memorandum with the International Finance Corporation valued at $6 billion to support prioritized projects in infrastructure, energy, and health; and another with the International Investment Guarantee Agency worth $3.5 billion to support the Fund's companies' investments in the Middle East and North Africa region. These agreements aim to diversify funding sources, foster innovation, and create long-term employment opportunities.
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