Saudi Public Investment Fund holds event to promote portfolio companies

The event brought together 75 companies and 200 individuals from PIF portfolio companies. (Shutterstock)
Updated 03 December 2019

Saudi Public Investment Fund holds event to promote portfolio companies

  • The PIF Way aims to help businesses in supporting the development of an effective governance structure

RIYADH: The Public Investment Fund (PIF) organized a Partners’ Forum on Monday as part of its efforts to support its portfolio companies as an active and engaged investor.

The event brought together 75 companies and 200 individuals from PIF portfolio companies working in a broad range of sectors.

Experts in digital disruption — including cybersecurity, artificial intelligence and data analytics — discussed future trends, and the risks and opportunities they create.

The forum also discussed the potential impact of technology on disparate industries across the PIF portfolio.

During the forum, the fund introduced and outlined the PIF Way — the mechanism by which it aims to support and drive value creation alongside its portfolio companies, building on the PIF’s independent governance and operational framework.

The PIF Way aims to help businesses in supporting the development of an effective governance structure, identifying and supporting new sources of growth and profitability, leveraging the fund’s infrastructure, and making the most of the advantages offered by the PIF’s extensive local and global network of companies, thought leaders, investors and government stakeholders.


LA Italian eatery Madeo delights the palate in Riyadh Season pop-up

Updated 15 December 2019

LA Italian eatery Madeo delights the palate in Riyadh Season pop-up

  • Despite minor setbacks he faced while setting up, Vietina considers the experience to be a positive one

RIYADH: Renowned Italian restaurant Madeo has opened up in Al-Murabba for Riyadh Season. 

The pop-up has started brightly, and head chef Gianni Vietina invited Arab News to sample the menu and chat about his experience.

Vietina, in Saudi Arabia for the first time, said that he loved the location he had set up in, and was very happy to be opening up in the Kingdom. 

“The location is gorgeous. At night, with all the lights on, the music going, it’s very nice.”

Despite minor setbacks he faced while setting up, Vietina considers the experience to be a positive one and that the response was even better than he had expected. 

“Like anything new, you have quests, you have problems. Up to now, we’re doing pretty good. We are up and running. We’re comfortable now, which is a shame as we’re leaving pretty soon,” he said.

He added that he would repeat the experience in a heartbeat if he could: “They were nice enough to ask me to stay in Saudi a little longer, but I can’t. I need to go back home. But I would love to come back.”

He said that while he was not planning to open up a permanent restaurant in Saudi Arabia, he would not rule it out completely.  “I’ve been offered options, and friends have offered to show me locations while I’m here, but I can’t do it right now, I just opened a new restaurant two months ago,” he said.

“I chose the dishes that I know that most of the Saudis that visit my restaurant in Los Angeles like.”

Gianni Vietina, Head chef of Madeo

The pop-up’s menu contains most of what the original restaurant offers, including his ever-popular penne amadeo and spaghetti bolognese, with the chefs using a combination of imported and locally sourced ingredients. 

“I chose the dishes that I know that most of the Saudis that visit my restaurant in Los Angeles like,” he told Arab News.

For the pop-up, Vietina has stuck to using halal and alcohol-free ingredients. 

“It was challenging at the beginning. But the bolognese at Amadeo doesn’t contain pork, and I realized after we tried cooking without wine that almost nothing changed. I actually prefer it,” he said.

Madeo is a favorite of Saudis visiting Los Angeles, with Vietina going so far as to describe the restaurant as a “Little Riyadh” on most evenings between July and September. 

He even recognizes some of the customers who have come into the Riyadh pop-up, and always stops over to greet them.

Upon sampling the menu, it’s easy to see why the food at Madeo has remained popular all these years. 

The eggplant parmigiana is a perfect blend of crusty cheese and silky smooth eggplant, with hints of basil and rosemary. 

The bolognese is rich, meaty and decadent, without being too heavy and greasy. And the penne Amadeo, which Vietina has been eating since his childhood, is a timeless classic of crushed tomato, basil, finished off with butter and Parmigiano Reggiano for a creamy, rich flavor.