Your Weekly Round Up

Saudi Arabia’s Public Investment Fund (PIF) has officially ascended to the position of the 5th largest sovereign wealth fund in the world.

YOUR WEEKLY ROUNDUP

In case you missed this weeks latest developments in the growth of Saudi Arabia we’ve compiled the best articles for you.

In Today’s Edition:

  • Saudi Arabia’s Public Investment Fund Ranks 5th Among World’s Largest Sovereign Wealth Funds

  • Saudi Arabia Approves Regulatory Framework for Real Estate Sandbox

  • Saudi Arabia’s Qiddiya City Officially Opens Six Flags Qiddiya City

  • Saudi Arabia Lifts Land Sale Ban in AlUla to Unlock New Investment Opportunities

  • Today’s Newsletter’s Sponsor

EVENTS

Saudi Arabia’s Public Investment Fund Ranks 5th Among World’s Largest Sovereign Wealth Funds

Saudi Arabia’s Public Investment Fund (PIF) has officially ascended to the position of the 5th largest sovereign wealth fund in the world.

Key Takeaways:

  • The PIF now trails only the sovereign funds of Norway ($2.04T), China’s SAFE ($1.69T) and CIC ($1.56T), and the Abu Dhabi Investment Authority ($1.18T).

  • Other significant recent moves include acquiring a 15% stake in London’s Heathrow Airport and a 54% majority stake in MBC Group.

  • The portfolio is heavily weighted toward high-growth alternative investments, including technology and massive infrastructure projects.

The PIF’s rise to the global top five highlights its transformation from a passive holding company into a global investment powerhouse. Read more

REAL ESTATE

Saudi Arabia Approves Regulatory Framework for Real Estate Sandbox

The Saudi Real Estate General Authority (REGA) has officially approved the regulatory framework for the Real Estate Sandbox, a major step toward modernizing the Kingdom's property sector.

Key Takeaways:

  • By allowing for live experimentation, the framework seeks to streamline operations, reduce costs, and improve the overall customer experience within the real estate ecosystem.

  • The framework is designed to balance market regulation with the need for rapid digital transformation, ensuring the sector remains attractive to both local and international investors.

  • In parallel, REGA endorsed updates to the law governing owners' associations to strengthen governance, protect the rights of property owners and residents, and improve the quality of life in shared residential complexes.

Saudi Arabia is accelerating its real estate evolution by launching a "Regulatory Sandbox" dedicated to PropTech innovation. Read more

TRAVEL

Saudi Arabia’s Qiddiya City Officially Opens Six Flags Qiddiya City

Saudi Arabia has officially inaugurated Six Flags Qiddiya City, marking the launch of the first major attraction within the massive Qiddiya entertainment ecosystem.

Key Takeaways:

  • The park features 28 rides, including several world-record breakers

  • Visitors can explore six distinct lands: Discovery Springs, Steam Town, Twilight Gardens, Valley of Fortune, Grand Exposition, and the adrenaline-packed City of Thrills.

  • Adult tickets start at SR 325, children's tickets at SR 275, and infants under four enter for free. Inclusive discounts are available for senior citizens and individuals with special needs.

The opening of Six Flags Qiddiya City is a historic step in Saudi Arabia's journey to becoming a global entertainment powerhouse. Read more

REAL ESTATE

Saudi Arabia Lifts Land Sale Ban in AlUla to Unlock New Investment Opportunities

The Royal Commission for AlUla (RCU) has officially lifted the suspension on land sales, purchases, and real estate transactions in the central and southern areas of AlUla.

Key Takeaways:

  • The lifting of the ban specifically targets selected areas in central and southern AlUla, opening doors for residential and commercial property development.

  • To protect AlUla’s unique cultural and natural heritage, all new developments must follow strict architectural design guidelines and land-use regulations provided by the RCU.

  • Property owners and investors can now complete transactions seamlessly through the Real Estate Market Platform, ensuring a regulated and transparent market environment.

By lifting the long-standing land sale ban, Saudi Arabia is unlocking the massive real estate and tourism potential of AlUla. Read more

This Newsletter Is Sponsored by Welcome Saudi

The No. 1 Travel Website To Discover The Best Hotels, Restaurants & Tourist Destinations in Saudi Arabia

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