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
France, Saudi collaborate on space for artists in Riyadh
- L’Institut francais, Riyadh Art will open La Fabrique on Feb. 22
- ‘New cultural chapter’ between the nations, says France envoy
RIYADH: L’Institut francais in Saudi Arabia and Riyadh Art, an initiative of the city’s royal commission, have announced the opening of La Fabrique, a space for artists, on Jan. 22.
The project is based in the Riyadh Art Hub in JAX District and will enable Saudi and French artists to create, experiment, and bring their visions to life, according to a press release from the organizers.
La Fabrique also offers the public a rare opportunity to witness creative production including movement performances, digital and immersive arts, photography, music, cinema, cuisine and poetry.
At its core, La Fabrique fosters artistic exchange between French and Saudi artists, fostering new encounters, shared practices, and co-creation.
The initiative is aligned with the vision shared by French President Emmanuel Macron and Crown Prince Mohammed bin Salman, who have placed cultural cooperation at the heart of the renewed Saudi-French strategic partnership.
Anchored in the ambitions of Vision 2030, La Fabrique is a part of Riyadh’s transformation into a major international cultural hub.
Developed in cooperation with Saudi Arabia’s Ministry of Culture, the project strengthens the long-standing cultural dialogue between the two nations, the press release stated.
Patrick Maisonnave, ambassador of France to Saudi Arabia, said: “La Fabrique embodies the spirit of a new cultural chapter between France and Saudi Arabia.
“By bringing our artists together, we are not only sharing techniques and traditions, we are opening a space where imaginations meet, new forms emerge, and creativity becomes a bridge between our two societies.
“This initiative reflects our belief that artistic dialogue is one of the most powerful ways to build understanding, trust, and a shared future. It stands as a concrete example of France’s contribution to the ambitions of Vision 2030.”
