2023/11/30
According to the agreement, PIF will pay £1.2 billion (approximately $1.5 billion USD) to acquire its stake in the airport. This investment represents the fund's largest investment deal in the transportation and infrastructure sector in the UnitedKingdom.
The Public Investment Fund stated that this investment reinforces its commitment to supporting and developing the growth of the Saudi economy. It also underscores the importance of the United Kingdom as a key investment destination for the fund.
The deal is expected to close in the first quarter of 2024.
Heathrow International Airport is one of the world's largest airports in terms of passenger numbers. Located in London, the capital of the United Kingdom, the airport serves over 200 destinations worldwide and welcomes more than 80 million travelers annually.
Heathrow Airport is one of the world's most important tourist and commercial destinations, significantly contributing to the UK's economy.