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Public Investment Fund

Saudi Arabia signs $613M rail contracts

Saudi Arabia signed three contracts worth 2.3 billion riyals ($613 million) on Saturday for the construction of maintenance service buildings and five stations to support its longest railway, the North/South railway, state news agency SPA said.

January 8, 2012 10:45

Dar Alarkan to get $1B for Jeddah project

Saudi Arabia's biggest property developer Dar Alarkan said the Public Investment Fund (PIF) approved a 4 billion riyal ($1 billion) facility to finance the Qasr Khozam development project in Jeddah.

October 9, 2011 6:00