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Amaala Project is located in the province of Tabuk , on the northwestern coast of the Kingdom of Saudi Arabia , within Prince Mohammed Bin Salman Nature Reserve . Amaala Project is a Saudi tourism project, often described as the Riviera of the Middle East, due to its similarities with the French Riviera. The Amaala Project is situated within the natural extension of the moderate Mediterranean climate, characterized by its tranquility, mountainous nature, and pristine coastal locations along the...
The Riyadh Economic Forum is a forum that contributes to empowering the private sector, sheds light on economic issues, activates them, and diagnoses their challenges while adopting suggestions and recommendations that contribute to driving the economy forward and improving it to achieve sustainable economic development. Since the launch of its first session in October 2003, the forum has issued approximately fifty-seven studies and 308 recommendations and initiatives up to 2022. The forum is h...
The Lifestyle Hospitality Fund is a fund focused on hospitality projects based on a modern concept that aligns with the goals of the National Tourism Strategy, aiming to strengthen the position of the Kingdom of Saudi Arabia as a global travel and tourism destination. It was established on July 19, 2022, through a tripartite agreement between the Tourism Development Fund , 'Ennismore' hospitality company, and al-Rajhi Capital Company, with a capital of SAR1.5 billion. The fund focuses...
The Kingdom of Saudi Arabia invests in human capital through localization and training programs, as Saudi Vision 2030 aims to reduce the unemployment rate from 12.8 percent at its announcement in 2016 to 7 percent by 2030. In 2022, the unemployment rate decreased to 10.1 percent, and by the end of 2023, it dropped to its lowest historical level of 7.7 percent. The number of Saudis working in the private sector exceeded about 2.2 million male and female workers in 2023, and their number approach...
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...
