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ASMO pacts with J.P. Morgan to develop supply chain financing solutions
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Egypt’s Fawry plans Saudi Market entry pending regulatory approval
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GACA offers Abha, Taif, Qassim, Hail airports for private sector
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The Helicopter Company, Blacklane team up on luxury mobility
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Edarat Group, Dell join forces to advance Saudi Multicloud adoption
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Stc, Ericsson sign five-year agreement to expand 5G capabilities
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Saudi Exports signs strategic MoUs at Made in Saudi Expo 2025
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Riyadh becomes Middle East's first Global Active City
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JLL acquires minority stake in PIF-owned FMTECH
Riyadh – Sharikat Mubasher: Saudi Arabia’s Public Investment Fund (PIF) and global real estate services firm JLL announced that JLL will acquire a significant minority stake in Saudi Facility Management Company (FMTECH), while PIF will retain a majority holding.According to an official joint press release, the transaction remains subject to customary closing conditions.Following the transaction, FMTECH is expected to benefit from JLL’s global operating expertise, digital facilities management platforms, and international network, supporting service quality, operational efficiency, and transparency across its delivery model. The move is also intended to accelerate knowledge transfer and the localization of advanced technologies within the Saudi facilities management sector.Established by PIF in 2023, FMTECH operates as a national integrated facilities management platform, serving PIF portfolio companies alongside public and private sector clients across the Kingdom. The investment is set to deepen JLL’s presence in Saudi Arabia and builds on its existing partnership with PIF.Saad Alkroud, Head of Local Real Estate Investment at PIF, highlighted that the deal aligns with PIF’s real estate strategy and its broader mandate to drive economic diversification and urban development.Meanwhile, Neil Murray, CEO of Real Estate Management Services at JLL, noted that the partnership combines global operational capabilities with strong local market insight to meet growing demand in Saudi Arabia’s expanding real estate and infrastructure landscape.
Riyad Air signs MoU with Huawei to advance digital capabilities
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iVoiceUp raises funds to boost AI Ethics and compliance techs
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RLC Global Forum launches new initiative to back Saudi retail sector
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Saudi Transport Sector attracts over SAR 280 bn in private investments
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Monsha’at, RLC team up to support retail entrepreneurs
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Rqeem, Torry Harris to launch AI-powered digital marketplace in Kingdom
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Movandi expands into Saudi Arabia under NTDP’s Relocate Initiative
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Economy Ministry, SVC sign cooperation deal to boost venture capital
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PayTabs Egypt, Edita join forces to streamline cash collection methods
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KACST, Lucid launch first Innovation Center for EV in Middle East
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Saudi Arabia to host 14th edition of HORECA Riyadh tomorrow
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Host Arabia 2025 set to unite global hospitality leaders in Riyadh
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India Accelerator expands into Saudi Arabia with $15m fund
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NDF inks 45 deals worth SAR 6 bn at MOMENTUM 2025
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MrMandob plans IPO in 2026 after reaching SAR 800 mn valuation
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Goldman Sachs officially opens Riyadh office at KAFD
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National Development Fund injects SAR 60 bn annually to support Vision 2030
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