海角直播

Saudi PIF ranks 2nd globally for sovereign investor activity in Feb. with $3bn in deals

Saudi PIF ranks 2nd globally for sovereign investor activity in Feb. with $3bn in deals
PIF began 2025 by聽continuing to聽expand聽its global footprint across sectors such as entertainment, aviation, and finance.聽
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Updated 25 March 2025

Saudi PIF ranks 2nd globally for sovereign investor activity in Feb. with $3bn in deals

Saudi PIF ranks 2nd globally for sovereign investor activity in Feb. with $3bn in deals

RIYADH: 海角直播鈥檚 Public Investment Fund ranked as the world鈥檚 second most active sovereign investor by deal value in February, committing $3 billion in global transactions.

Global SWF, a data platform tracking activity in the sector, reported that Canada鈥檚 public pension fund topped the rankings with a $7 billion deal. The Kingdom鈥檚 PIF emerged as the most active sovereign wealth fund, completing three overseas deals through its portfolio companies. 聽

Globally, sovereign investors executed 22 deals worth a combined $16.5 billion. Alongside PIF and CDPQ, other major players included South Korea鈥檚 National Pension Service, which committed $1.6 billion to a real estate transaction, and Canada鈥檚 BCI, with a $1.3 billion infrastructure deal.聽

This surge in cross-border activity highlights a growing trend among sovereign and public investors 鈥 particularly those in the Gulf region 鈥 to seize emerging global opportunities while hedging against domestic economic fluctuations.聽

Established in 1971, PIF has undergone a dramatic transformation since 2015 under the leadership of Crown Prince Mohammed bin Salman. Once a primarily domestic fund, it has evolved into a globally influential SWF managing $925 billion in assets and driving the Kingdom鈥檚 Vision 2030 agenda.聽

PIF鈥檚 rapid rise in less than a decade underscores the scale and ambition of 海角直播鈥檚 investment-led economic diversification strategy.聽

It began 2025 by聽continuing to聽expand聽its global footprint across sectors such as entertainment, aviation, and finance.聽

This acceleration followed聽a series of strategic shifts during the fourth quarter of 2024, as the fund restructured its portfolio in line with long-term priorities and Vision 2030 goals.聽

According to its latest 13F SEC filing, PIF鈥檚 US equity holdings stood at $26.71 billion at the end聽of 2024, marking a 24 percent year-on-year decline. This reflects a more cautious and selective investment stance, as the fund scaled back on consumer-focused positions while pivoting to sectors with perceived long-term resilience.聽

Notably, PIF exited its holdings in Walmart and Marriott while ramping up exposure to healthcare and life sciences, including new or expanded stakes in Thermo Fisher Scientific, Abbott Labs, and Regeneron Pharmaceuticals.聽

It also increased its stake in electric vehicle manufacturer聽Lucid Motors by $495 million, more than doubled its investment in Amazon, and reduced its exposure to Uber by $1.08 billion 鈥 moves that signal a recalibrated strategy emphasizing selectivity and long-term value.聽

Building on this repositioning, PIF took聽steps in early 2025 to fund domestic giga-projects and extend its international reach. In January, the fund issued a US dollar-denominated bond, sold Thiqah Business Services to Elm for $907 million, and acquired a 23 percent stake in Saudi Re to bolster the Kingdom鈥檚 insurance sector and financial resilience.聽

In capital markets, PIF made a $200 million anchor investment in the SPDR Saudi bond ETF, launched in January on the London and Frankfurt exchanges.聽

This move aims to internationalize 海角直播鈥檚 debt market, following similar ETF initiatives in Hong Kong in late 2023 and Tokyo in December 2024, helping deepen the Kingdom鈥檚 financial links with Asia and beyond.聽

PIF has continued to strengthen its presence in sports and gaming in 2025. Its subsidiary, Savvy Games Group, acquired Niantic鈥檚 gaming division, including Pok茅mon Go, for $3.5 billion 鈥 marking a major move in mobile and AR gaming.聽

The wealth fund聽also remains engaged in complex negotiations with the PGA Tour over integrating LIV Golf, a key element in its broader sports investment strategy.聽

In the UK, the fund reaffirmed its long-term commitment to Newcastle United FC through 鈥淧roject 2030鈥 and is reportedly exploring a 49 percent stake in Newcastle International Airport, positioning itself to create synergies between its travel and sports portfolios.聽


UN Tourism General Assembly set for opening ceremony in Riyadh

UN Tourism General Assembly set for opening ceremony in Riyadh
Updated 08 November 2025

UN Tourism General Assembly set for opening ceremony in Riyadh

UN Tourism General Assembly set for opening ceremony in Riyadh

RIYADH: More than 160 delegates from across the world are in Riyadh for the 26th session of the UN Tourism General Assembly, with the opening ceremony and first plenary set to take place on Nov. 9.

For the first time, a Gulf Cooperation Council country is hosting a UN agency鈥檚 general assembly, underscoring the region鈥檚 important role in the tourism sector.

Over the coming days, delegates will participate in four plenary sessions, numerous meetings of seven specialized committees, and the 124th and 125th sessions of the Executive Council - the organization鈥檚 highest executive body. 

Sunday鈥檚 agenda will see the General Assembly鈥檚 opening ceremony begin at 10am KSA time, followed by the first plenary meeting.

Ahead of the event, UN Tourism Secretary-General Zurab Pololikashvili said: 鈥淭he UN Tourism General Assembly brings together tourism leaders from across the world to set the agenda and build a more innovative and inclusive sector. 

鈥淥ver the next few days, first with the meeting of our diverse and dynamic Affiliate Members, and then with the sessions of our General Assembly, Riyadh will showcase the power of tourism, as a driver of transformation, modernisation and opportunity. 

鈥淭ogether, we can harness the power of technology to drive positive change, diversify our economies and create jobs for many millions of people everywhere.鈥 

Saudi Minister of Tourism Ahmed Al Khateeb said the Kingdom is 鈥減roud鈥 to welcome the world to the 26th UN Tourism General Assembly 鈥渁s we celebrate 50 years of UN Tourism鈥檚 global cooperation and shared progress.鈥 

He added: 鈥淭his week marks a defining moment for our industry 鈥 a chance to shape how tourism grows in the decades ahead through stronger connectivity, greater sustainability, deeper investment in human capital, and innovation powered by AI.

鈥淭ourism is one of the world鈥檚 most powerful forces for prosperity and understanding 鈥 creating jobs, supporting small businesses, and connecting cultures.

鈥淕uided by Vision 2030, the Kingdom is committed to ensuring that this growth continues to drive opportunity and inclusion 鈥 and to welcoming the world with the spirit of Saudi hospitality that defines who we are.鈥

While the first public sessions of the gathering are set to take place on Sunday, work had already been going on behind closed doors in the days leading up to the opening ceremony, with 200 delegates, representing more than 100 affiliated entities, tackling issues facing the tourism sector.

According to UN Tourism, affiliate members met to advance public-private collaboration, with a dedicated segment of the session focused on the first UN Tourism Awards for Excellence in Sustainable Sports Tourism powered by FIA, a joint initiative between the Organization and the Affiliate Member F茅d茅ration Internationale de l'Automobile. 

These awards will recognize outstanding projects that integrate sustainability, innovation, and community impact in the sports tourism sector.

Another key item on the agenda was the enhanced participation of affiliate members in the elaboration of the World Tourism Barometer. 

Designated experts from the Affiliate Members network, who are now part of the Panel of Experts, are expected to contribute regularly with insights drawn from direct industry experience for this report published four times a year.

There was also the first meeting of the Executive Council鈥檚 Interinstitutional Working Group on Tourism and Climate Action.

Some 29 countries joined the session, with Brazil acting as chair, and Antigua and Barbuda, and Maldives as vice-chairs.

Speaking to Arab News, Maldives Minister of Tourism and Environment Thoriq Ibrahim highlighted the environmental impact of the industry on his country, and explained how his government is seeking to tackle the issue.

鈥淩esorts are required to generate their own power,鈥 he said, adding: 鈥淯nder the current administration, one of the key pledges is that by 2028 the nation will produce 33 percent of its electricity from renewable energy.鈥