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Saudi's PIF has $500bn (SAR1.9tn) invested in NEOM amongst other projects

Saudi Arabia’s Public Investment Fund (PIF), led by Crown Prince Mohammad Bin Salman, is the GCC’s largest project developer with pre-execution projects worth $534bn (SAR2tn).

PIF is one of the seven Saudi organisations that make up 10 of the GCC’s largest project owners, and its most notable under-development assets include the $500bn (SAR1.9tn) NEOM City, in addition to the mixed-use Rou’a Al Madinah and Rou’a Al Haram, each valued at $10bn (SAR37.5bn).

These details were revealed by Cynthia Corby, audit and assurance partner, and construction industry leader, at Deloitte Middle East, at Construction Week: Leaders in Construction UAE Summit 2018.

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