PIF-Subsidiary Launches 1 Million Square Meter Amusement Park, Other Projects in Eastern Province

Saudi Entertainment Ventures (SEVEN), a subsidiary of the Public Investment Fund (PIF), said on Wednesday that it was launching its largest project to date in the Eastern Province of the Kingdom - an amusement park, along with other entertainment projects.

Saudi Arabia

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Public Investment Fund

Saudi Arabia’s sovereign wealth fund aims to tap debt markets twice in 2019

The Public Investment Fund (PIF) is seeking to raise debt over the coming months as part of a sustained effort to boost its firepower and ...



Saudi Public Investment Fund zeros in on China despite US investments

“The U.S. is our No. 1 target of investments. Most innovation happens in U.S. We have deployed directly and indirectly more than $50 billion in ...



Uber is different to Lyft, Saudi Arabia’s PIF says ahead of IPO

While Lyft has gained significant market share in the North American mobility space, Uber’s strategy has been to grow its platform internationally. The firm is ...


Tourism and Hospitality

Why $25bn tourism sector can become Saudi Arabia’s ‘white oil’

Tourism will play a major role in reducing Saudi Arabia’s dependence on oil revenues with the sector generating more than $25 billion this year, according ...



Fitch Affirms Saudi Arabia’s A+ Rating

Fitch Ratings has affirmed Saudi Arabia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at A+ with a Stable Outlook. ...


U.S.-Saudi Relations

Opinion: Why The U.S. and Saudi Arabia Can’t Get a Divorce

Few American foreign-policy challenges are more vexing or divisive than relations with Saudi Arabia today. ...


Arabian Centers IPO

Saudi Arabia back in foreign investment arena with Arabian Centers IPO

Some 20 percent of the company — a mix of existing and new shares — will be listed, but the company expects roughly half of ...



Saudi Arabia to get new entertainment destinations from PIF-backed unit

“Seven intends to convert the Eastern Province into an excellent entertainment destination in the Arabian Gulf, thanks to its strategic geographic location and tourism significance ...


Arab Youth Survey

Young Saudis optimistic about future, Arab Youth Survey shows

The 2019 edition of the Arab Youth Survey by Asda’a BCW offers a snapshot of 200 million aspirational young adults tackling the opportunities and challenges ...


Saudi Coalition

Saudi-led coalition begins paying US back for overdue Yemen war bills

The aide said Saudi Arabia is expected to reimburse $158 million for the cost of US flights in the coming weeks, adding that the Pentagon ...



Saudi Arabia’s Ministry of Housing awards contract for 3,000 homes

The properties will be built across a stretch of central Saudi Arabia to meet growing demand for quality housing in the kingdom. ...



Boeing, Lockheed contracted for Apache work, Hellfire missiles for Saudi Arabia

Boeing and Lockheed have been awarded contracts worth more than $70 million for support of AH-64 Apache helicopters and Hellfire guided missiles for Saudi Arabia. ...



Saudi petro giant plans 300MW solar park, confirms prototype PV cell tests

One of the world’s largest petrochemicals manufacturers, Saudi Basic Industries Corporation (SABIC), is considering a 300MW solar PV project in Yanbu, on the Red Sea coast ...



8 years on, a 500-meter bridge in Makkah remains incomplete

The work for the 500-meter-long Al-Nuwairiyyah bridge in Makkah started eight years ago, but hassle-free commute still remains a dream for the residents of the ...



New beginning: Change on the horizon as Saudi Gazette goes totally digital

So in keeping with the times, Saudi Gazette too is going totally digital. This will give us a better and faster platform to keep you ...


Saudi +

Regional and related topics

Oil Markets

OPEC oil output hits four-year low in April on Iran, Venezuela: Reuters survey

OPEC oil supply hit a four-year low in April, a Reuters survey found, due to further involuntary declines in sanctions-hit Iran and Venezuela and output ...


Global Oil Markets

Oil traders eye Saudi Arabia’s response in a critical juncture for crude

Renewed U.S. efforts to curb Iranian output, escalating tensions in Libya, supply outages in Nigeria and the ongoing crisis in Venezuela have created a complex ...


Yemen Civil War

Houthis ask U.N. to sell Yemeni crude and use revenues for imports, salaries

Yemen’s central bank has split into two rival head offices, reflecting the war between the Saudi-backed government and the Iran-aligned Houthi movement, creating hold-ups and ...



US military cuts back on Afghan war data

The move fits a trend of less information being released about the war in recent years, often at the insistence of the Afghan government, which ...



Arab states support Sudan transition, want stability: UAE minister

Arab states support a transition in Sudan that balances the ambitions of the people with stability, a senior United Arab Emirates minister said on Wednesday. ...


Crypto Currency

U.A.E. Token Sales Make It a Global Crypto Capital, Passing U.S.

Coming from way behind, the United Arab Emirates has just emerged as the world’s capital for sales of digital tokens, accounting for more than a ...



Kuwait’s Energy Industry Suffering from Ministerial Musical Chairs

Kuwait is struggling to increase oil production capacity. To put the country on a path toward a more sustainable energy future, Kuwait needs stability between ...



Lawmakers Probe Navy, Marine Corps Plans on Climate Change

Moran is just the latest senior naval leader to warn about the threat of rising seas and extreme weather. In just the past decade, the ...



China’s Xinjiang an ‘enormous risk’ for US business, Pompeo warns

US Secretary of State Mike Pompeo has appeared to liken the scale of incarceration of Muslims in China to Nazi abuses and urged corporate America ...



Libyan coast guard rescues nearly 100 Europe-bound migrants

Libya's coast guard says it has rescued 96 Europe-bound migrants off the Mediterranean coast. Spokesman Ayoub Gassim says Wednesday a rubber boat carrying the migrants, mostly ...



Iraq, Germany′s Siemens sign power agreement

Iraq's government and German industrial conglomerate Siemens have signed a framework agreement to upgrade the electricity grid of the power-strapped country. ...


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