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Public Investment Fund units forge new international deals
Riyadh Al-Haram Company and Riyadh Al-Madina Holding Company, both affiliated with the Public Investment Fund, signed two strategic agreements with the Islamic Trust Fund of Brunei (TAIB) to strengthen investment cooperation in developmental projects in Mecca, Medina, and Brunei. The agreements include opportunities for investment in the King Salman Gate project in Mecca, with an estimated value of around 9.7 billion riyals, and the possibility for the fund to join the project as a strategic partner. Additionally, the agreements focus on collaboration in investment and development sectors in the two holy cities, aiming to enhance the experience of pilgrims, support Saudi Arabia's Vision 2030, and promote investment relations between the Kingdom and Brunei.
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