Tenderd’s Post

((Exciting News in the World of Innovation )) Thrilled to share the groundbreaking initiative by #ALAT, shaping a new Saudi Arabia as it endeavors to establish a global technology manufacturing hub. Powered by clean energy, this visionary project aims to transform industries across seven key sectors. (Key Highlights): * Global Hub: ALAT is set to create a cutting-edge technology manufacturing hub, positioning Saudi Arabia on the global map of innovation and progress. * Clean Energy Revolution: The hub's commitment to clean energy underscores ALAT's dedication to sustainability, paving the way for a greener and more environmentally conscious future. * Transformative Impact: With a focus on seven business sectors, ALAT aims to revolutionize industries, fostering innovation, and driving economic growth on a global scale. ( Why This Matters): This ambitious venture by #ALAT holds the promise of unlocking unprecedented technological advancements, creating job opportunities, and positioning Saudi Arabia as a hub for global technological excellence. #SaudiArabia #TechnologyHub #Innovation #CleanEnergy #GlobalImpact #ALATInitiative

As a key #PIF giga-project and critical national player in Saudi Arabia’s advancement of Vision 2030, #ROSHN consistently reflects on ways in which we can demonstrate and implement our ongoing commitment to sustainable and responsible business practices. With this in mind, I recently wrote to United Nations Secretary-General Antonio Guerres affirming ROSHN’s commitment to disclose the group’s continuous efforts to integrate the Ten Principles of the United Nations Global Compact on human rights, labour, environment, and anti-corruption into our daily business practices. These principles help to establish a culture of corporate integrity and ensure that businesses uphold their basic responsibilities to both people and planet. As ROSHN, these principles are closely aligned to our core values, and I look forward to updating the UN regularly on how ROSHN continues to incorporate them across our strategy and business as we work to improve the quality of life for the people of Saudi Arabia. #SaudiArabia #SaudiVision2030 #ResponsibleBusiness #RealEstate #UnitedNationsGlobalCompact Public Investment Fund (PIF) United Nations Global Compact Global Compact Network Saudi Arabia

In a strategic move to fuel its ambitious Vision 2030 goals, Saudi Arabia is selling shares of Saudi Aramco to fund its groundbreaking megaprojects! 🏗️💡 The proceeds from the share sales will be channeled into transformative initiatives aimed at diversifying the economy and creating sustainable growth beyond oil. Key initiatives and benefits include: Investment in Megaprojects: Landmark projects like NEOM, Red Sea Project, and Qiddiya will receive significant funding, driving innovation and development. Economic Diversification: Supporting the shift from an oil-dependent economy to a diversified, future-focused economy. Job Creation and Innovation: Generating new job opportunities and fostering cutting-edge technologies and industries. This bold strategy underscores Saudi Arabia’s commitment to realizing its Vision 2030 and shaping a prosperous future for its people. Exciting times lie ahead as these megaprojects come to life, paving the way for a dynamic and diversified Saudi economy! #SaudiArabia #Aramco #Megaprojects #Vision2030 #EconomicDiversification #Innovation #SustainableGrowth #NEOM #RedSeaProject #Qiddiya

Saudi Arabia has long been synonymous with oil, thanks to Saudi Aramco, the world's most valuable company. Aramco's journey began with the discovery of oil in the 1930s, transforming the Kingdom into a global oil powerhouse. Today, Aramco continues to dominate, with a brand value that underscores its critical role in the global energy market. However, Saudi Arabia's economic ambitions extend far beyond oil. Under Vision 2030, the Kingdom is driving a bold diversification strategy to reduce its reliance on hydrocarbons and foster new economic sectors. A prime example of this diversification is the growth of Kingdom Holding Company, one of the largest private investment companies globally. Known for its strategic investments and significant brand value, Kingdom Holding has been recognized as one of the worlds most valuable brands in recent rankings. Vision 2030 is not just about economic diversification but also about innovation and sustainability. The plan aims to position Saudi Arabia as a leader in various fields, including technology, tourism, and renewable energy, creating a more balanced and resilient economy. The success stories of Saudi Aramco and Kingdom Holding highlight the Kingdom's past and present achievements, while Vision 2030 lays the foundation for a prosperous and diversified future. As we move forward, the continued support and innovation in sectors like fintech will be crucial in achieving these ambitious goals.  #SaudiArabia #Vision2030 #EconomicDiversification #Aramco #KingdomHolding #Fintech #Innovation #Sustainability #Investment

As Saudi Arabia strides boldly towards its Vision 2030, the transformation in investment and development sectors is nothing short of revolutionary. With a strategic pivot towards diversification, the Kingdom is rapidly becoming a global hub for innovation and sustainable development. The recent surge in foreign investments and the government's commitment to creating a business-friendly environment underscore the nation's potential as a fertile ground for both local and international investors. From mega-projects like NEOM to significant reforms in various sectors, Saudi Arabia is reshaping its economic landscape to foster growth, sustainability, and diversification. What's most exciting is the emphasis on cutting-edge technology and renewable energy, setting a new standard in the region for economic development that is both dynamic and sustainable. As professionals and investors, we stand at the cusp of a new era in Saudi Arabia – an era marked by opportunity, growth, and innovation. Let's engage, contribute, and be part of this transformative journey. #SaudiVision2030 #Investment #Development #Innovation #SustainableGrowth

KSA Vision 2030 and related strategies are transformational in their magnitude. As the exhibit below 👇from a Goldman Sachs report outlines the main mega-projects currently underway in Saudi, amounting to a total expected investment of >US$870bn by the end of the decade. While execution on the projects has been relatively slow (c.6% of total as of June 2023), there are some of them such as the Red Sea Project, Amaala, Qiddiya and Diryah Gate which are among those that are at a more developed stage (>15% completion rate). The largest and most well-known project is the US$500bn NEOM, a futuristic city on the Saudi side of the Gulf of Aqaba. While the construction of the mega-city is still in its early stages, the project has seen the highest level of investments in the past couple of years, at over US$18.2bn (c.4% of total cost). The opportunity & challenge ahead is one of faultless execution combined with ensuring sufficient FDI and a ensuring a sustainable future (both from an economic and climate perspective for these transformative projects) #ksa #vision2030 #megaprojects #transformationalchange #investments #foreigndirectinvestment #sustainability

Saudi Arabia's Vision 2030 includes a variety of initiatives to diversify the economy. For example, the country is investing heavily in non-oil industries, enhancing the private sector, and developing public service sectors such as health, education, infrastructure, recreation, and tourism. They're also working on economic cities, tech advancements, and renewable energy projects to create a more sustainable and varied economic landscape. The Public Investment Fund (#PIF) plays a significant role in funding and driving these initiatives. 🇸🇦 #saudivision2030 #saudiarabia #BinMasfar

The National Industrial Development and Logistics Program (NIDLP) is a key initiative of the Saudi Vision 2030, and it is playing a vital role in transforming Saudi Arabia into a leading industrial powerhouse and a global logistics hub. Under the leadership of His Excellency Minister of Industry and Mineral Resources, Bandar Alkhorayef, the NIDLP is providing Saudi industrial businesses with the support they need to grow and succeed. This includes access to capital, technology, and training. Polywed Construction Chemicals is proud to be a part of this transformation. We are committed to providing our customers within the kingdom and overseas with the highest quality products and services, and we are excited to see what the future holds for Saudi Arabia's industrial sector. #Vision2030 #NIDLP #SaudiIndustry #SaudiPowerhouse #SaudiLogisticsHub #EmpoweringIndustry #SaudiBusiness #polywed #polywedksa #togetherwebuild #PolywedConstructionChemicals 

🇸🇦 Suliman Almazroua, CEO of the National Industrial Development and Logistics Program (NIDLP), delivered key insights at The Business Year's 10th-anniversary in Saudi Arabia event, "A Decade of Progress, A Future of Possibilities," held recently in Riyadh.   NIDLP plays a pivotal role in spearheading Saudi Arabia's industrial transformation, leading efforts to position the Kingdom as a global powerhouse and logistics hub. During his address, Almazroua reaffirmed its mission, emphasizing, “We are targeting 50% of the energy mix to come from renewable energy. We seek to contribute to the resilience of the international supply chain by connecting the three continents and providing the raw materials required for them. We are trying to build the largest industrial city that is zero carbon and zero waste. We are trying to build the largest hydrogen plant in the world in our backyard in #NEOM. However, that is not all. Saudi Arabia is working to provide the latest and greatest manufacturing power to provide new development and health for humanity.”   Get your copy of our latest research and 10th anniversary edition, The Business Year: Saudi Arabia 2024, right here: https://lnkd.in/dqicbpmm And stay tuned for comprehensive coverage of the Kingdom's economic trajectory through 2024! W/ Alena Hakansson, Clara Corominas Rührup, Edoardo Caccin, Aqeel Hafeez, Giorgia Perrone