Introduction

The list of investments of the Saudi State Investment Fund “MUIT” is on the path of rapid growth in the local market. Since the beginning of this year, the fund has not hesitated to invest in listed and private companies.

Attention to Local Market

Attention to the local market is one of the priorities of the Fund. In addition to previous investments, it intends to invest one trillion rials in new projects at the local level.

Diversified Investments

It aims to increase its contribution to local content to 60% by the end of 2025, and its investments are not limited to a specific sector, as each promising sector is a place for these investments, the most recent being in the consumer and retail goods sector, where the fund bought 30 % of the shares of Tamimi Markets, which contributes to the expansion of the company and its commercial activities, as well as the study of the possibility of conducting an initial public offering of the company’s shares.

Aviation Sector

Among the important sectors targeted by the fund is the aviation sector, where the launch of Riyadh Aviation, a new national carrier with international standards, has been announced to help strengthen Saudi Arabia’s aviation system locally and globally. aims to launch flights that reach more than 100 destinations worldwide by 2030.

Acquisition of Al-Musafer

The Fund also signed an agreement to acquire a 30% stake in Al-Musafer, part of the Sira Holdings Group, for 1.55 billion rials.

Visions of the City

He also announced the creation of Visions of the City, an urban development company that aims to improve the readiness of the Prophet’s Mosque area to welcome more visitors to Medina.

New Square Development

In light of the urban renaissance taking place in the Kingdom, the Foundation has launched New Square Development with the goal of building the largest and most modern “city center” in the world in Riyadh.

Construction and Construction Services Sector

The project contributes to the support of a non-oil domestic product of 180 billion rials and the creation of 334,000 direct and indirect jobs.

Investment in Saudi Tabreed

The fund has also invested five billion riyals in the construction and construction services sector in four local companies.

Strategic Goal of MUIT

pIF also acquired a 30% stake in Saudi Tabreed, which is developing sustainable refrigeration programs for some of the largest projects in the Kingdom.

Expanding investment in local companies and creating new ones is a strategic goal pursued by the Fund, which is considered the main lever for achieving the Kingdom’s Vision 2030.