In January, Saudi Arabia's Public Investment Fund (PIF) issued a US dollar bond, sold Thiqah Business Services for $907 million, and acquired a 23% stake in Saudi Re. The fund also invested $200 million in the SPDR Saudi bond ETF to enhance the Kingdom's debt market. PIF's activities in 2025 included acquiring Niantic’s gaming division for $3.5 billion and reaffirming its commitment to Newcastle United FC. The tourism sector saw a surge in private investment, reaching SR14.2 billion, with 40% from foreign investors, as the Kingdom aims to generate $80 billion by 2030 to diversify its economy. PIF ranked as the second most active sovereign investor globally in February, committing $3 billion across 22 deals, reflecting its strategic shift towards long-term resilience in sectors like healthcare and electric vehicles.