Tharawat Holding Co., run by Prince Turki bin Salman, acts as a gatekeeper for foreign companies looking to do business in Saudi Arabia.
The firm, with assets worth at least $250 billion, directs foreign investments into various sectors and manages development projects in the kingdom.
Tharawat plays a crucial role complementing the $1 trillion Public Investment Fund by overseeing financing, spending, and vetting contractors.
Tharawat's significance is highlighted by its influence in cost-cutting measures for projects like Neom and its involvement in various high-profile deals within and outside Saudi Arabia.