Saudi Arabia's Sovereign Wealth Fund, also known as PIF, may soon invest hundreds of millions of dollars in four construction firms, Bloomberg reported, quoting people familiar with the matter. According to the report, the PIF is in talks with Nesma Holding, El Seif Group, Almabani General Contractors, and Albawani to buy minority stakes in them, or their subsidiaries. Aiming
RIYADH: Qiddiya ended the year on a high after it signed a SR3.75 billion ($1 billion) contract to build a theme park housing the world’s tallest and fastest rollercoaster in what will be the Kingdom’s entertainment city. The Qiddiya Investment Co. penned an agreement in December with Saudi Arabia’s Almabani General Contractors and France’s Bouygues Batiment International to
RIYADH: Qiddiya Investment Co. on Sunday signed a contract worth SR3.75 billion ($1 billion), with Saudi And French construction companies, to build Six Flags Qiddiya. Saudi Arabia’s Almabani General Contractors, and France’s Bouygues Bâtiment International, a subsidiary of Bouygues Construction, signed the contract in the presence of officials from both companies at the