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The Public Investment Fund (PIF) says that the Wall Street Journal article in regards to the Solar Project is inaccurate

In response to claims in recent press reports, a spokesperson for the Public Investment Fund (PIF) said that the Wall Street Journal article titled ‘Saudi Arabia Shelves Work on SoftBank’s $200 Billion Solar Project’ is inaccurate.   The spokesperson added that the Public Investment Fund continues to work with the SoftBank Vision Fund, and other…

Public Investment Fund Unveils Amaala, a New Global Leading Destination for Wellness Tourism

Riyadh, September 26, 2018: The Public Investment Fund (PIF) of Saudi Arabia, announced the launch of Amaala, which will become an uber-luxury destination on the north western coast of Saudi Arabia. It aims to create an all-new concept for ultra-luxury tourism focusing on wellness, healthy living, and meditation. The new destination is a natural extension…

The Red Sea Development Company Announces Global Advisory Board

  The Advisory Board is comprised of regional and international leaders in business, tourism, environmental sustainability and conservation The Advisory Board will assist The Red Sea Development Company across all facets of the project’s strategy and planning   RIYADH, SAUDI ARABIA (September 17, 2018) — The Red Sea Development Company (TRSDC), wholly owned by the…