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France, Saudi Arabia
Saudi's PIF imposes tough terms for partnerships with foreign investment firms

Director of the Saudi sovereign fund, Public Investment Fund (PIF), Yasir al-Rumayyan.
Director of the Saudi sovereign fund, Public Investment Fund (PIF), Yasir al-Rumayyan. © Chris Ratcliffe/Pool/EPA/MaxPPP
Foreign investment companies, and especially French ones, have been flocking to Riyadh in recent months in an attempt to attract Saudi funding for their projects. But some of them are holding off on partnerships because of the terms imposed on them by the kingdom's Public Investment Fund. [...]
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International Dealmaking

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