Public Investment Fund, a sovereign wealth fund of Saudi Arabia, completed the $1.3bn investment in 4 local construction firms: Nesma & Partners, ElSeif, AlBawani and Almabani General Contractors. "These partnerships demonstrate PIF’s commitment to unlock the capabilities of key strategic sectors in Saudi Arabia. PIF's investment will support local capacity expansion across the sector and stimulate private sector participation and investment to meet current and future demand," Yazeed Al-Humied, PIF Deputy Governor.