ASFAR

KAFD, stc and PIF’s Asfar sign deals at Private Sector Forum

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RIYADH: Multiple agreements were signed during the second day of the Public Investment Fund’s Private Sector Forum to enhance the local economy, tourism, and telecommunication sectors. These deals included contracts awarded by King Abdullah Financial District Development and Management Co., which is wholly owned by PIF, the soverign wealth fund’s subsidary Asfar. stc Group also signed … Read more

ASFAR, Al-Ahsa municipality sign MoU to develop tourist attraction

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RIYADH: Saudi Tourism Investment Co. has partnered with Al-Ahsa municipality to develop a 500,000 sq. meter area, envisioning a vibrant destination with diverse tourism, entertainment, and hospitality offerings.  An affiliate of Saudi Arabia’s Public Investment Fund, the firm, known as ASFAR, has taken this step to foster economic development and enhance the region’s appeal for … Read more