Riyadh: The Saudi Industrial Development Fund (SIDF) Investment Company has signed a strategic partnership agreement with Investindustrial Group, aimed at expanding efforts to attract global institutional capital and advanced industrial capabilities to the Kingdom, while enhancing its position as a regional hub for high-value manufacturing industries. The signing ceremony was attended by SIDF CEO Prince Sultan bin Khalid bin Faisal and Italian Ambassador to the Kingdom of Saudi Arabia Carlo Baldocci, underscoring the strong support and high-level endorsement of this unique partnership.
According to Saudi Press Agency, this step aligns with the objectives of the National Industrial Strategy and Saudi Vision 2030 to establish the Kingdom as a global hub for manufacturing and supply chain operations. The partnership seeks to facilitate joint investment in localizing advanced industries within Saudi Arabia while empowering small and medium-sized enterprises (SMEs) to integrate into global value chains managed by Investindustrial.
Collaboration targets vital sectors such as equipment, automation, medical devices, and sustainable food and consumer products, aiming to boost local added value and foster innovation in Saudi Arabia's industrial landscape. SIDF Investment Company was established to support industrial development in the Kingdom by enabling private sector participation and providing innovative investment solutions, focusing on sectors such as industry, mining, energy, and logistics to build an integrated and sustainable industrial system.