Saudi Arabia's Public Investment Fund

Saudi Arabia's Public Investment Fund (PIF), established in 1971, is a sovereign wealth fund based in Riyadh aimed at fostering the development of the national economy. Initially tasked with holding equity positions in joint-stock ventures within Saudi Arabia, PIF has since evolved to focus on sustainable investments on both domestic and international fronts. The fund is actively expanding its portfolio by investing in various global sectors and markets, while also forming strategic partnerships and launching initiatives that align with the objectives of Vision 2030. The management of PIF’s assets is overseen by an executive team dedicated to enhancing the fund's impact and contributions to economic growth.

Past deals in Tourism

Almosafer

Private Equity Round in 2022
Almosafer is an online travel platform that caters to the unique needs of travelers in the region. It provides a user-friendly interface for booking flights and hotels, making the process convenient and efficient. The company has established agreements with various airlines and hotels, allowing it to offer a wide range of options directly through its platform. Almosafer focuses on delivering affordable travel solutions and provides tips and deals to help users secure reasonable prices for their bookings. Through its website and mobile applications, Almosafer aims to simplify travel arrangements and enhance the overall experience for its customers.

Carnival

Post in 2020
Carnival Corporation is a leading leisure travel company headquartered in Miami, Florida, with operations across North America, Australia, Europe, and Asia. The company operates a diverse portfolio of cruise brands, including Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa, AIDA, P&O Cruises (UK), and Cunard. Carnival's ships visit around 700 ports worldwide, providing a variety of cruise experiences. In addition to cruise operations, the company owns Holland America Princess Alaska Tours, which offers tours in Alaska and the Yukon, and operates hotels, lodges, glass-domed railcars, and motor coaches. Cruises are primarily sold through travel agents and tour operators. As of early 2020, Carnival Corporation operated 105 ships with a total capacity of 254,000 lower berths, making it one of the largest operators in the leisure travel industry.
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