Saudi’s PIF is planning to boost its investments in local logistics and transport outfits by 60% by the end of this year, the head of transport and logistics for Mena investments at PIF told Argaam. The fund is specifically eyeing potential investment options in the maritime transport, ports management and operations, and logistics sectors, aiming to streamline the procurement of raw materials, manufacturing and distribution.

To add to a long investments list: PIF already owns shares in KSA’s national shipping company Bahri. It also holds a 40% stake in Zamil Offshore Services and a 51% ownership in Dammam Port-operator Saudi Global Ports. The fund also set up Folk Maritime last year to support the Kingdom’s maritime transport operations, Al Muhanna added and has invested in Saudia Technic to develop the Jeddah MRO village back in 2023.

There is more overseas: PIF acquired an estimated 31% stake in Oman’s International Container Terminal in the Port of Sohar back in 2023 and has completed the acquisition of a 15% stake in FGP TopCo — Heathrow Airport’s parent company — from Spanish infrastructure player Ferrovial and other shareholders in December 2024.

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