Tharawat Holding’s rising star as a gatekeeper for foreign investors in the Kingdom has earned it growing importance — and a spotlight from Bloomberg . Under the management of Prince Turki bin Salman, the firm’s close ties to the Royal Court has positioned it to complement the role of the Public Investment Fund in driving Vision 2030 programs.

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Founded in 2008, the firm helps direct foreign investment flows into sectors including infrastructure, mining, and defense, overseeing assets valued at north of USD 250 bn, the business news service reports, citing sources it says are in the know.

Saving mns: Tharawat manages the sprawling network of contractors tasked with bringing the Kingdom’s projects to life, with the aim of keeping costs in check. Presenting rival bids and vetting bidders has enabled the company to bring down costs of gigaprojects by hundreds of mns of USD, according to Bloomberg.

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