Saudi Arabia-headquartered Naif Alrajhi Investment Group began operations in 2012. It has offices in the U.A.E., the U.K., Italy, and Morocco and has investments in more than 11 sectors, including real estate, hospitality, F&B, mining, contracting & interior solutions, financial markets, outdoor media, and logistics, among other sectors. In August 2023, the group launched Fairmont Ramla Serviced Residence, the first standalone serviced residence by Fairmont Hotels and Resorts in Saudi Arabia. In September 2023, the group won a contract to develop Phase 1 of King Salman Park, a Public Investment Fund project.