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The National Investment Strategy aims to develop and diversify the local economy, attract more foreign investments, promote non-oil exports, reduce unemployment rates, and enhance the Kingdom of Saudi Arabia 's position to be among the top ten in the Global Competitiveness Index by 2030. The National Investment Strategy is one of the key enablers for achieving Saudi Vision 2030 by leveraging the Kingdom's capabilities and strategic geographic location. It was launched by the Crown Pri...
Public Investment Fund (PIF) Investment Portfolios include six investment portfolios, which the PIF developed in the Kingdom of Saudi Arabia following a review of the assets under its management. These portfolios are divided into four national and two international portfolios. Objectives of PIF investment portfolios Through its investment portfolios, PIF aims to achieve a balance that provides diverse sources for wealth preservation and income. These portfolios are designed to diversify income ...
The term Davos in the Desert refers to the ' Future Investment Initiative ,' an annual investment event held in Riyadh , the capital of the Kingdom of Saudi Arabia. The first edition of the event was inaugurated by the Crown Prince and Prime Minister, His Royal Highness Prince Mohammed Bin Salman Bin Abdulaziz in 2017. The event features a conference with the participation of investors, leaders, and chief executive officers representing countries from around the world to present and d...
Al-Rajhi REIT Fund is a closed-end real estate investment fund compliant with Shariah standards, listed on the Saudi Stock Exchange ' Saudi Tadawul' . It was established on December 18, 2017, and is headquartered in the capital, Riyadh . It was listed on 'Saudi Tadawul' on March 20, 2018. Its units are traded on the main market platform under the Real Estate Investment Trusts (REITs) sector, with the name (Al Rajhi REIT), symbol (4340), and ISIN (SA14GG523Q50). The fund'...
The Public Investment Fund Partnerships are the investment partnerships undertaken by the Public Investment Fund (PIF) , the sovereign wealth fund of the Kingdom of Saudi Arabia, as part of its efforts to seize investment opportunities both locally and internationally. Investment expansion of PIF PIF continues to play a significant role in supporting the Kingdom's economy by building an investment portfolio that began with its establishment in 1971 by Royal Decree. The fund has worked on e...
Local Content is a national agenda that all economic segments contribute to developing and empowering, starting from individuals in the community to the private and public sectors. In simple terms, local content aims to retain as much money as possible spent on purchases within the Kingdom of Saudi Arabia by the targeted groups, whether public or private entities, or even community members. The Kingdom supports local content through: Price preference: Granting national products a price preferen...
Jabal Omar Development Company is a Saudi joint-stock company listed on the Saudi Stock Exchange (Saudi Tadawul). It was established in Makkah al-Mukarramah in 2006. The company's primary focus is the development of the Jabal Omar area located to the west of the Grand Mosque courtyard. It was listed on the Saudi Tadawul on December 1, 2007. Its shares are traded on the main market within the Real Estate Management and Development sector under the name 'Jabal Omar' with the symbol...
The Financial Sector Development Program is one of the eleven executive programs launched by the Council of Economic and Development Affairs to achieve the goals of Saudi Vision 2030. The program aims to develop a diverse and effective financial sector to support the growth of the national economy, stimulate savings, financing, and investment, and increase the efficiency of the financial sector to address and manage challenges. Program objectives The Financial Sector Development Program has set...
The Soudah Peaks Project is one of the tourist destination projects under the Soudah Development Company. It is a mountainous destination located in Aseer Province in the southwestern part of the Kingdom of Saudi Arabia, specifically at its highest peak at an altitude of 3,015 m above the Red Sea level. It comes as part of the Public Investment Fund's efforts to enable promising vital sectors and support the strategy of developing Aseer Province 'Qimam and Shem.' The project aims...
Yes, the Kingdom of Saudi Arabia issues green bonds. On October 6, 2022, the Public Investment Fund launched its first international green bonds as a part of its debt issuance program. The total issuance amounted to USD3 billion (equivalent to SAR11.25 billion), aimed at financing or refinancing the green fund investments. The total subscription requests for the offering exceeded USD24 billion (equivalent to SAR90 billion), with the coverage ratio exceeding more than eight times the total issua...
The Future Investment Initiative is an annual investment forum established by His Royal Highness Prince Mohammed Bin Salman Bin Abdulaziz, crown prince, prime minister, chairman of the Council of Economic and Development Affairs , and chairman of the Public Investment Fund , in 2017. It has become known in the media as Davos in the Desert. It is hosted annually by the Public Investment Fund in Riyadh , Kingdom of Saudi Arabia , and discusses the trends and future of the global economy and the i...
Fish farming in the Kingdom of Saudi Arabia is an investment process purposed to maximize the value of the Kingdom's natural resources and foster food security therein. Numerous kinds of farming are conducted in the Kingdom, including aquaculture, e.g., fish, crustaceans, shellfish, algae, aquatic weeds, etc., under confinement and control of breeding factors and following standard reference restrictions and standards regulating production processes. Sustainable aquaculture refers to a set...
