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RIYADH: Outsourcing by businesses in Saudi Arabia is expected to reach $5.7 billion by the end of 2027 thanks to a Compound Annual Growth Rate of 10 percent, according to a new report. Research by the Boston Consulting Group in collaboration with Forward MENA, previously known as Beirut Digital District Academy, believes the Kingdom is now a “hot spot” for job outsourcing, and
PIF signs $15 billion multicurrency revolving credit facility March 10, 2021 RIYADH — The Public Investment Fund (PIF) has signed a $15 billion multicurrency revolving credit facility agreement with a group of 17 leading global financial institutions from Asia, Middle East, Europe, the United Kingdom and the United States. The PIF said in a statement Wednesday that loans and debt instruments are one of PIF's four sources of funding as part of its strategy. The statement added that the multicurrency revolving facility reflects PIF prudent asset...