Construction & Real Estate

Retal expands into Bahrain with 700-unit Bilaj Al Jazayer project

Saudi-listed Retal Urban Development Company has signed a partnership with Edamah, the real estate arm of Bahrain's sovereign wealth fund Mumtalakat to enter the kingdom’s real estate market through a mixed-use development at Bilaj Al Jazayer featuring more than 700 residential and retail units. ...

Construction & Real Estate

Saudi PIF records solid 2025 results; net profit doubles to $17bn

Saudi PIF has delivered solid results for the FY2025 with the kingdom's sovereign wealth fund more than doubling its net profit to $17 billion over the previous year, helped by stronger contributions from maturing portfolio companies, while its revenue rose 9% to hit $120 billion. ...

Construction & Real Estate

Saudi PIF, I Squared Capital sign $2bn infrastructure deal

Saudi sovereign wealth fund PIF said it has signed an agreement with infrastructure investor I Squared Capital to explore the deployment of up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies. ...