PIF to Add a Diriyah Tourism Project in its Portfolio
Posted on 01/09/2023
State news agency SPA reported that Saudi Arabia has included a Diriyah tourism project in the portfolio of its sovereign wealth fund, the Public Investment Fund (PIF).
Diriyah is a UNESCO World Heritage Site. Diriyah was previously under Diriyah Gate Development Authority (DGDA), which will continue its supervision, SPA said, citing an announcement by the Saudi crown prince. Diriyah is a town in Saudi Arabia located on the north-western outskirts of the Saudi capital, Riyadh. Diriyah was the original home of the Saudi royal family, and served as the capital of the Emirate of Diriyah under the first Saudi dynasty from 1727 to 1818.