MUST-READS

• Saudi Arabia’s PIF gets $2 billion from year’s fourth debt foray
  Saudi Arabia's sovereign wealth fund, the Public Investment Fund, locked in $2 billion on Tuesday from its fourth foray into the debt markets this year, as it continues to pour billions into an ambitious programme to wean the economy off oil. PIF launched $1.5 billion in three-year Islamic bonds, or sukuk, as well as $500 million in green notes maturing in October 2032, a document from an arranging bank showed on Tuesday.

• Saudi Arabia surpasses fintech targets with 224 active companies and $186 million in deals

  Saudi Arabia is intensifying its fintech efforts, setting a goal to establish 525 companies by 2030. Finance Minister Mohammed bin Abdullah Al-Jadaan revealed this ambitious target at the inaugural 24 Fintech Conference, highlighting the kingdom’s swift advancement in the sector.

• Reem Albishi dreams of being Saudi’s first female referee at a FIFA World Cup

  Saudi Arabian futsal referee Reem Albishi is making strides toward her ambitious goal of being the Kingdom’s first female referee at a FIFA World Cup. The 27-year-old Jeddah native recently took a significant step forward by officiating at the OFC Futsal Women’s Nations Cup in Honiara, Solomon Islands.

• Navigating Saudi Arabia’s Vision 2030: Career Opportunities for Young Professionals

  For young professionals, Vision 2030 is like a treasure map leading to a future filled with opportunities. The digital economy is booming, and with it comes over a million new jobs by 2025 in cutting-edge fields like AI, cybersecurity, and digital marketing. Imagine being part of a tech start-up that could become the next global unicorn, or leading a project in renewable energy that helps Saudi Arabia become a world leader in sustainability.

• Italy’s Saipem wins two contracts worth $1 bln in Saudi Arabia
  Italian energy engineering group Saipem (SPMI.MI), opens new tab said on Tuesday it won two offshore contracts in Saudi Arabia worth around $1 billion in total, under an existing long term agreement with oil giant Saudi Aramco (2222.SE), opens new tab. The two contracts involve the engineering, procurement, construction and installation of infrastructure, including subsea pipelines, at the Marjan oil and gas field and the Zuluf and Safaniyah oil fields, Saipem said.

• The Saudi Artists Breathing New Life into Jeddah’s Oldest Neighborhood

  Most of the buildings here date back between 200 and 300 years, when Al-Balad was the main entry point for Muslim travelers arriving by sea on their pilgrimage to Mecca. In recent years the district has hosted Ramadan-related events, the Red Sea International Film Festival, and the Balad Beast EDM festival. Three heritage houses, each more than 100 years old and named for the family that formerly lived in them, have been converted into small boutique hotels, the first of their kind in Al-Balad.

• LIV Golf will open its fourth season in Riyadh

  LIV Golf, the circuit bankrolled by the Public Investment Fund of Saudi Arabia, will kick off its 2025 season by playing in the country's capital city, Riyadh, for the first time. The tournament, scheduled for Feb. 6-8, will be held at Riyadh Golf Club. Currently in its third season, LIV Golf has played three events in Saudi Arabia, all at Royal Greens Golf & Country Club near Jeddah. The tour's announcement Tuesday revealed the first four sites of the 2025 season.

• Saudi wealth fund raises $2bn to support mega-projects

  The Public Investment Fund has raised $2 billion through a combination of sukuk (Islamic bond) and green bond offerings to support its mega-project pipeline. The Saudi wealth fund issued $1.5 billion in three-year sukuk and $500 million in green notes maturing in October 2032, Reuters said, citing a bank document. PIF has tapped into the global bond market for the fourth time this year.

• Tabby plans to go public on Saudi market in 2026

  Fintech services provider Tabby plans offer shares to the public in Saudi Arabia in late 2025 or 2026, General Manager Abdulaziz Saja told Argaam on the sidelines of the 24 Fintech Conference.

• Saudi Arabia slams Israeli statements regarding Philadelphi Corridor

  The Ministry of Foreign Affairs expressed the Kingdom’s strong condemnation and denunciation of the Israeli statements regarding the Philadelphi Corridor, and the futile attempts to justify the continued Israeli violations of international laws and norms. In a statement carried by the Saudi Press Agency, the ministry vowed its solidarity and support for Egypt in the face of these Israeli allegations.

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