{"id":92298,"date":"2024-12-08T00:00:00","date_gmt":"2024-12-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/08\/pif-secures-usd-10-bn-from-bpifrance-assurance-export\/"},"modified":"2024-12-08T00:00:00","modified_gmt":"2024-12-08T00:00:00","slug":"pif-secures-usd-10-bn-from-bpifrance-assurance-export","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/08\/pif-secures-usd-10-bn-from-bpifrance-assurance-export\/","title":{"rendered":"PIF secures USD 10 bn from Bpifrance Assurance Export"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>PIF secures USD 10 bn financing boost for portfolio companies:<\/strong> The Public Investment Fund and Bpifrance Assurance Export signed a five-year MoU which will see the PIF and its portfolio companies bag USD 10 bn in financing, the sovereign wealth fund said in a <a target=\"_blank\" href=\"https:\/\/www.pif.gov.sa\/en\/news-and-insights\/press-releases\/2024\/pif-and-bpifrance-assurance-export-sign-10-billion-memorandum-of-understanding\/\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia\u2019s first seven-star hotel opens in AlUla<\/strong>: The Royal Commission for AlUla and General Hotel Management launched the 35-key Chedi Hegra hotel \u2014 the country\u2019s first seven-star hotel \u2014 in AlUla\u2019s UNESCO World Heritage site, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/royal-commission-for-alula-opens-first-unesco-heritage-site-hotel-in-saudi-arabia-the-chedi-hegra-nfptmmm3\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TOURISM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Saudi Red Sea Authority issued its first yacht rental licenses to three agencies <\/strong>\u2014 <a target=\"_blank\" href=\"https:\/\/hillrobinson.com\/news\/2023\/yacht-agency-services-in-saudi-arabia\" style=\"\" rel=\"noopener\">Hill<\/a><a target=\"_blank\" href=\"https:\/\/hillrobinson.com\/news\/2023\/yacht-agency-services-in-saudi-arabia\" style=\"\" rel=\"noopener\">Robinson Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/www.faisal-higgi.com\/the-founder\/\" style=\"\" rel=\"noopener\">Faisal M. Haggi & Associates<\/a>, and the Dubai-based <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/jlsyachts\/\" style=\"\" rel=\"noopener\">JLS Yachts<\/a>, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2219953\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom\u2019s first hydrogen-powered bus hit the road in Al Ahsa <\/strong>under a pilot phase the Transport General Authority launched, it said in a <a target=\"_blank\" href=\"https:\/\/x.com\/Saudi_TGA\/status\/1864661563484885062\" style=\"\" rel=\"noopener\">post on X<\/a>. The 45-passenger bus will connect Al Ahsa to Dammam.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The authority rolled out a pilot run for the Kingdom\u2019s first hydrogen-powered taxi <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bf292f80-ceb5-4f23-9fd6-52c78433d921\/mastercard-launches-payment-solution-for-local-ecommerce-sector#:~:text=The%20Transport%20General%20Authority%20(TGA)%20signed%20two%20MoUs%20on%20using%20hydrogen%20vehicles%20and\" style=\"\" rel=\"noopener\">in<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bf292f80-ceb5-4f23-9fd6-52c78433d921\/mastercard-launches-payment-solution-for-local-ecommerce-sector#:~:text=The%20Transport%20General%20Authority%20(TGA)%20signed%20two%20MoUs%20on%20using%20hydrogen%20vehicles%20and\" style=\"\" rel=\"noopener\">October<\/a>. It had also signed two MoUs on using hydrogen vehicles and sustainable mobility solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MEDIA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MBC + TikTok to collaborate on content creation: <\/strong>MBC Media will produce Arabic content for local audiences on TikTok under a newly-inked MoU between the two sides, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/621.pdf\" style=\"\" rel=\"noopener\">press release<\/a>. Under the agreement, the MBC Group arm will create entertainment, lifestyle, and music content for TikTok to draw a wide range of audience to the online short-video sharing platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- MBC Media Solutions to act as TikTok\u2019s official advertising partner in the <\/strong><strong>Kingdom<\/strong>, under a separate MoU. MBC Group\u2019s commercial advertising and sales arm will provide advertisers with access to TikTok\u2019s inventory in Saudi Arabia through an advertisement reselling program. MBC Media Solutions was appointed as the official reseller of TikTok in Egypt last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Homegrown government e-services startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/abikhdmh\/\" style=\"\" rel=\"noopener\">AbiKhdmh<\/a><\/strong><strong> (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.out.abi_khedma&hl=ar&pli=1\" style=\"\" rel=\"noopener\">Google Play<\/a><\/strong><strong> | <\/strong><strong><a target=\"_blank\" href=\"https:\/\/apps.apple.com\/eg\/app\/%D8%A3%D8%A8%D9%8A-%D8%AE%D8%AF%D9%85%D8%A9\/id6474789494\" style=\"\" rel=\"noopener\">App Store<\/a><\/strong><strong>) raised <\/strong><strong>SAR 3 mn in a seed <\/strong><strong>funding round<\/strong> from undisclosed investors, according to <a target=\"_blank\" href=\"https:\/\/waya.media\/saudi-based-abikhdmh-secures-usd-798k-in-seed-funding\/\" style=\"\" rel=\"noopener\">Waya<\/a>. The app plans to use the fresh funds to introduce new features, including flight booking, business services, and recruitment solutions. There\u2019s no publicly available information about the startup closing prior funding rounds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Education and Training Evaluation Commission introduced new standards for <\/strong><strong>evaluating special education schools and preschools<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/etec.gov.sa\/ar\/news\/564\" style=\"\" rel=\"noopener\">statement<\/a>. The new standards cover four key metrics \u2014 school management, teaching, learning outcomes, and school environment. The new standards can be viewed in detail <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/629.pdf\" style=\"\" rel=\"noopener\">on the commission\u2019s website (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Saudi Arabia\u2019s first seven-star hotel opens in AlUla<\/p>\n","protected":false},"author":1,"featured_media":92299,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,57,2497,10,94,201,1151,7,51,345],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-92298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-debt-watch","tag-education","tag-enterpriseam-ksa","tag-hospitality","tag-mbc","tag-public-investment-fund-pif","tag-tourism","tag-transport","tag-transport-general-authority","wpautop","entry"],"acf":{"mongo_id":"f448d302-d6d3-4262-a599-8097a335e166","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/648.jpg","photo_position":"above","homepage_title":"","full_issue_title":"PIF secures USD 10 bn from Bpifrance Assurance Export","related_issue":[92286],"teaser":"PLUS: Saudi Arabia\u2019s first seven-star hotel opens in AlUla","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.ebbe34d9-69a9-448a-b644-ab3cafcc8882.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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