Public Investment Fund news

Miraval The Red Sea has opened on Shura Island in Saudi Arabia as part of The Red Sea Project. The development is the first Miraval-branded ... More

US resort spa operator, Miraval, has announced it will open its first property outside the US on Shura Island, which is part of The Red ... More

Fitness-focused hospitality brand and management company Equinox Hotels has announced plans to open a modern new resort on the coast of the Gulf of Aqaba ... More

Marriott International has signed a new deal with Neom to open a Ritz-Carlton Reserve property as part of Trojena, a brand new year-round mountain adventure ... More

Accor’s high-end brand Raffles Hotels & Resorts is set to land in northwestern Saudia Arabia in 2027 as part of Trojena, a brand new year-round ... More

Former world number one tennis player Maria Sharapova has entered into a multi-year partnership to become Aman’s first-ever global wellness ambassador. In her new role, ... More

EGYM has completed a Series F financing round which will see it raise up to €207m (US$225m) in growth capital. The new investment was led ... More

Saudi Entertainment Ventures (Seven) has revealed plans to develop and operate the world’s first Play-Doh attractions in Saudi Arabia. Seven, a wholly owned subsidiary of ... More

Saudi Entertainment Ventures (SEVEN) has signed an exclusive partnership agreement with Warner Bros. Discovery to bring purpose-built indoor adventures centres to the Kingdom. The new ... More

Saudi Entertainment Ventures (SEVEN), a wholly-owned subsidiary of the Kingdom's Public Investment Fund (PIF), is to invest SAR50bn (US$13.3bn) to develop 21 integrated entertainment destinations ... More

The Red Sea Development Company (TRSDC), the developer behind the AMAALA tourism project on the shores of the Red Sea, has revealed detailed plans for ... More

Plans have been announced for a zero-carbon resort destination to be built by the Red Sea in northwest Saudi Arabia. Saudi Arabia’s Crown Prince is ... More

Saudi Arabia's crown prince Mohammad bin Salman has denied he is planning to launch a takeover bid for English Premier League club Manchester United. Reports ... More

Six Flags has confirmed long-awaited plans for its first Saudi Arabian venture, announcing plans to open a park as part of the kingdom’s new entertainment ... More

Six Flags CEO John Duffey has revealed new details about the company’s international dealings, hinting at further announcements in 2017 while also offering updates on ... More

Saudi Arabia’s Public Investment Fund (PIF) – a company set up to manage the country’s sovereign wealth and facilitate development of its national economy – ... More