Saudi Arabia's PIF invests $1.3b in 4 local construction firms

Saudi Arabia's PIF invests $1.3b in 4 local construction firms

Late evening sunlight is seen reflected off the Kingdom Tower in Riyadh, Saudi Arabia, on Thursday, Dec. 1, 2016. Photographer: Simon Dawson/Bloomberg

Saudi Arabia’s sovereign wealth fund has invested a total of $1.3 billion in four local construction firms to support the sector tasked with spearheading projects across the kingdom, it said on Tuesday.