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Teneo has revised its contract with Saudi Arabia’s Public Investment Fund on Sept. 2 to add an additional $440K in fees covering the last four months of the year.
The firm tacks on “additional work streams for portfolio support and corporate engagement” duties, according to the amended agreement.
Teneo’s original pact called for providing strategic communications services, enhancing PIF’s visibility, doing thought leadership positioning, and serving as global advisor in key markets such as the US and China.
Teneo has 28 executives handling the PIF business from Dubai (10 staffers), New York (seven), London (six), Riyadh (four), and Dublin (one).
PIF’s 2024 fees are now capped at $4,706,666.57.
The Kurdistan Regional Government of Iraq, which has been hit hard by the US/Iran war, has retained Continental Strategy to promote its interests among US policymakers, business leaders and key decision-makers.
Qorvis has signed a $35K per-month agreement to provide strategic communications to Morocco to further its effort to enhance its relationship with the US.
Ontario has retained Capitol Counsel to support its interests related to the free trade agreement between Canada, Mexico and the US. 
Mercury Public Affairs has agreed to perform PR, communications and government relations services for the 
Manchester Trade is working to promote US investment in the minerals-rich Democratic Republic of the Congo.
