Saudi’s PIF is GCC’s largest project developer with $534bn pipeline

By September 24, 2018News

Saudi Arabia’s Public Investment Fund (PIF) is the largest project developer in the GCC region with pre-execution projects worth $534 billion (SAR2 tn).

The PIF was listed as one of the GCC’s top ten largest project developers, with some of its’ biggest projects including the $500bn (SAR 1.9tn) Neom City, mixed-use Rou’a Al Madinah and Rou’a Al Haram, each valued at $10 bn (SAR37.5 bn).

The PIF is followed on the list by the King Abdulla City for Atomic and Renewable Energy (KA Care) and Saudi Aramco. KA Care’s developments are valued at $70bn (SAR262.2 bn) and Aramco’s at $36bn (SAR135 bn).

Saudi Arabia’s commitment to continually grow and develop under the leadership of Crown Prince Mohammed bin Salman proves to be opportunistic for the Kingdom. The development is aligned with the Vision 2030 and the objective to diversify the Kingdom’s revenue streams.