Dossier
Future Investment Initiative
Coverage of Future Investment Initiative in the Nexus archive.
- Delta to launch direct flights to Saudi Arabia
Delta Air Lines will launch direct flights to Saudi Arabia in October, the first by a US carrier in 25 years, ahead of the Future Investment Initiative. Ticket sales have been slower due to the Iran conflict, but Delta remains optimistic, while other airlines like Virgin Atlantic and Air Canada have canceled similar routes.
- Saudi’s sovereign wealth fund wants the kingdom to become a global investment center
Saudi Arabia’s Public Investment Fund (PIF) is shifting its strategy to make the kingdom a global investment hub, allocating 80% of its capital to domestic projects and scaling back foreign investments. This pivot includes reducing the scope of giga-projects like Neom and Trojena amid fiscal pressures and geopolitical challenges.