PIF invests $1.3bn in Saudi construction firms ...United Arab Emirates

Saudi sovereign wealth fund PIF (Public Investment Fund) has announced investments worth US $1.3bn in four leading local construction companies, via subscribing to their new shares and boosting the percentages owned by minority shareholders. PIF said it has invested in: Nesma & Partners Contracting Company, ElSeif Engineering Contracting Company, AlBawani Holding Company, and Almabani General Contractors Company. The investment will contribute not only to the construction services sector, but improve local supply chains for current and future projects in Saudi Arabia, thereby further developing the country’s construction ecosystem, it explained. The four companies in which PIF has invested a

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Last updated : 15 February 2023 clock 11:13 AM

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PIF invests $1.3bn in Saudi construction firms ...United Arab Emirates

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