Brookfield Corporation has achieved a $2 billion initial close for its new Middle East-focused private equity fund. Anchored by Saudi Arabia’s Public Investment Fund, Brookfield Middle East Partners will target high-growth markets across the region, directing half of its investments toward Saudi Arabian businesses. The initiative aims to deepen local capital markets and expand regional financing options across key commercial sectors.
Saudi Arabia's Public Investment Fund (PIF) and the Export-Import Bank of the United States (EXIM) have signed a Memorandum of Understanding establishing up to $15 billion in long-term export credit. The framework will allow eligible PIF portfolio companies to purchase goods and services from American suppliers. The agreement focuses on key sectors including technology, aerospace, infrastructure, and critical minerals to build stronger cross-border supply chains.
TransLink has broken ground on its first real estate scheme, a 31-storey mixed-use tower at West Broadway and Arbutus in Vancouver. Developed alongside PCI Developments, the project features 256 rental homes, retail space, and community facilities directly opposite the upcoming Arbutus Station. The scheme marks a new funding model for TransLink, generating long-term non-taxation revenue to reinvest directly into the regional transit network.
SURJ Sports Investment, a company owned by Saudi Arabia’s Public Investment Fund, has launched a new joint venture called radia alongside Live Nation and Oak View Group. The initiative will manage, operate and commercialise multi-use sports and entertainment venues across the country. It aims to support Saudi Arabia’s growing sports sector, which is projected to exceed $22 billion in value by 2030.
Saudi Arabia's Public Investment Fund and global investment manager I Squared Capital have signed a memorandum of understanding. The agreement outlines plans for I Squared to invest up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies, focusing heavily on digital infrastructure and district cooling systems across the Kingdom.
Hilton has confirmed a three-year extension of its partnership with day-access platform ResortPass across the Americas. The collaboration responds to growing consumer demand for non-overnight wellness, fitness and resort experiences. The expansion includes the launch of a new poolside event series called Off Hours alongside curated daytime packages at major properties, including the Waldorf Astoria Beverly Hills and Hilton Orlando.
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