Turqi Al-Nowaiser joined the Public Investment Fund (PIF) as head of the international investments division in 2016. He leads the fund’s international investment strategy across a range of asset classes, including public markets, private markets, real estate and infrastructure.
Al-Nowaiser’s extensive experience in international investments has enabled him to play a prominent role in the PIF management committee as it strives to launch new economic sectors and develop strategic partnerships.
During his 4–year tenure, the PIF has increased its assets under management from about SR700 billion ($187 billion) in 2016 to more than $360 billion.
Al-Nowaiser’s expertise is central to the development of effective strategies to achieve economic transformation by investing in diverse assets that generate sustainable long-term returns.
Al-Nowaiser oversees the fund’s international pool, which is dedicated to relatively liquid direct and indirect hedge fund investments. By focusing on industries of the future that secure significant returns, PIF aims to realize the potential of underdeveloped sectors, provide cornerstone capital to create new economic sectors and localize the benefits of its international partnerships.
Before joining the PIF, Al-Nowaiser worked for Saudi Fransi Capital as head of asset management from 2011 to 2015. Previously, he held a number of senior positions in financial institutions including Morgan Stanley, the Capital Markets Authority and the Saudi Industrial Development Fund.
Al-Nowaiser holds an MBA from the University of San Francisco in California and a bachelor’s degree in international business from King Saud University in Riyadh.
Turqi Al-Nowaiser, Saudi Public Investment Fund executive
https://arab.news/p6wuj
Turqi Al-Nowaiser, Saudi Public Investment Fund executive
Saudi Arabia completes pavilion preparations for Expo 2025
DUBAI: Saudi Arabia has completed the construction and preparations of its pavilion for Expo 2025, which will open in Osaka on April 13.
Featuring more than 700 events and activities, the pavilion will aim to provide an immersive experience for visitors.
It will highlight Saudi Arabia’s cultural and innovative landscape, while also unveiling new initiatives designed to encourage the Japanese public to explore and connect with the Kingdom.
Over the past two months, the Saudi Pavilion launched a tour of seven Japanese cities that offered local communities and tourists a chance to enjoy Saudi hospitality and explore the Kingdom’s culture.
Saudi, Iraqi defense ministers discuss cooperation in phone call
RIYADH: Saudi Minister of Defense Prince Khalid bin Salman received a phone call from his Iraqi counterpart Thabet Al-Abbasi on Tuesday, the Saudi Press Agency reported.
The two discussed Saudi-Iraqi relations and cooperation between the two countries in the military and defense fields, SPA added.
They also spoke about regional developments and shared efforts to enhance security and stability in the region and beyond.
Saudi deputy minister and UNRWA chief discuss KSA’s ongoing support for Palestinians
- The two men also discussed aspects of cooperation between Saudi Arabia and UNRWA
RIYADH: Saudi Deputy Minister for Foreign Affairs Waleed Elkhereiji received Phillipe Lazzarini, the commissioner-general of the UN Relief and Works Agency for Palestine Refugees, in Riyadh on Tuesday.
During the meeting, they discussed the Kingdom’s ongoing efforts to support the Palestinian people, according to a post by the Foreign Ministry on X.
The two men also discussed aspects of cooperation between Saudi Arabia and UNRWA.
Separately, Elkhereiji met with the British ambassador to Saudi Arabia, Neil Crompton, and they discussed bilateral relations and ways to enhance them, as well as prominent developments in the regional and international arenas.
RSAF personnel complete training in US missile defense system
- US-led THAAD program involved operational exercises, combat simulations
- Training part of Kingdom’s strategy to enhance armed forces’ capabilities
RIYADH: A second company from the Royal Saudi Air Force graduated this week after completing their training in an American anti-ballistic missile defense system.
The graduation ceremony, held at Fort Bliss in El Paso, Texas, was attended by Maj. Gen. Pilot Abdullah bin Mohammed Al-Rabiah, the Royal Saudi Air Defense Forces Institute commander and other representatives from the two countries.
The US-led program involved technical and operational exercises, combat simulations and advanced field training supervised by representatives of the manufacturers of the Terminal High Altitude Area Defense system and military experts, the Saudi Press Agency reported.
Another company of RSAF graduates completed the program last year as part of the Ministry of Defense’s strategy to enhance the capabilities of its forces through professional training.
The THAAD system is considered one of the most advanced and precise methods to tackle ballistic missile threats and has been adopted by the Kingdom as part of its air defense strategy.
Saudi fund signs $10m loan for renewable energy project in Solomon Islands
- Deal will help island nation reduce its reliance on conventional energy
- Since 1974, SaudFund for Development has financed 800 projects worth more than $21bn
RIYADH: The Saudi Fund for Development on Tuesday signed a $10 million development loan agreement with the Solomon Islands to support a renewable energy project.
The deal was signed by the fund’s CEO Sultan Al-Marshad and the Solomon Islands’ Finance and Treasury Minister Manasseh Sogavare.
The project aims to develop renewable energy infrastructure in the country by establishing solar power plants with a total capacity of 35.5 megawatts and energy storage systems.
This will reduce its reliance on conventional energy and support sustainable development goals for economic and environmental growth, the Saudi Press Agency reported.
The loan is the fund’s first to the Solomon Islands and demonstrates its commitment to supporting developing countries and small island states in overcoming economic, social and environmental challenges.
Since its foundation in 1974, the fund has financed more than 800 projects worth more than $21 billion in more than 100 countries.
Through its global initiatives, the fund enhances livelihoods, expands access to services and empowers communities, fostering inclusive growth and creating opportunities worldwide.
On the sidelines of the signing, Al-Marshad and his delegation met Solomon Islands Prime Minister Jeremiah Manele. They discussed the fund’s 50-year development efforts and ways to strengthen cooperation.
