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Enthusiasm for Building Tall Endures | Architectural Record

Enthusiasm for Building Tall Endures | Architectural Record
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Saudi wealth fund PIF plans to acquire stake in construction giant Binladin Group

Saudi Wealth Fund Plans to Buy Binladin Stake Amid Building Boom

(Bloomberg) Saudi Arabia’s sovereign wealth fund is seeking to acquire a stake in the kingdom’s biggest construction conglomerate as it leans on local firms to build key mega-projects and infrastructure needed to host showcase events such as the World Expo. Most Read from BloombergNvidia Surges After Company Proclaims AI Has Hit 'Tipping Point'Biden Touts $1.2 Billion in Student Loan Relief With Eye to 2024China Tightens Grip on Stocks With Net Sale Ban at Open, CloseYour 401(k) Will Be Gone

PIF to acquire stake in Saudi construction giant Binladin Group – reports

PIF to acquire stake in Saudi construction giant Binladin Group – reports
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PIF to acquire stake in Saudi construction giant Binladin Group

RIYADH: Saudi Arabia’s Public Investment Fund is set to take a 36 percent stake in the Kingdom’s construction giant Binladin Group, according to Bloomberg.…

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