Saudi Arabian real estate to hospitality company Kingdom Holding is intending to invest $1 billion in Saudi Arabia over the next six months.
With the investments, Kingdom Holding aims to diversify the Saudi economy and end its dependence on oil.
Further, Kingdom Holding will also increase its stakes in Dubai-based transportation network company Careem, Deezer and Lyft.
In 2007, Kingdom Holding announced plans to acquire Airbus A380 for $485 million.