Saudi Arabia includes Diriyah tourism project in PIF's portfolio -SPA

Reuters
Updated

RIYADH (Reuters) - Saudi Arabia has included a Diriyah tourism project in the portfolio of its sovereign wealth fund, the Public Investment Fund (PIF), to improve investment efficiency and public-private cooperation, state news agency SPA reported on Monday.

The development of Diriyah, a UNESCO World Heritage Site, was previously under Diriyah Gate Development Authority (DGDA), which will continue its supervision, SPA said, citing an announcement by the Saudi crown prince.

(Reporting by Alaa Swilam, writing by Aziz El Yaakoubi; Editing by Hugh Lawson)