At the eighth edition of the Future Investment Initiative Conference (FII), Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih oversaw several strategic launches and memoranda of understanding under the “Invest Saudi” banner. Among these was the launch of Beta Lab, a one-billion-riyal fund to support the growth of emerging companies and foster innovation across the Middle East, North Africa, and Asia. This fund was established in partnership with the Ministry of Investment, the Research, Development and Innovation Authority, HKSTP, and Telkom Indonesia.

Significant agreements were signed to drive mutual growth, including one between Hassana Investment Company and the State Oil Fund of the Republic of Azerbaijan (SOFAZ) to explore investment opportunities within the Kingdom of Saudi Arabia in sectors such as infrastructure and real estate. On the conference’s second day, SBI Holdings (Japan) and BIM Ventures announced the creation of BIM Capital, a firm dedicated to financial business development in S
audi Arabia and the Middle East. BIM Capital will pursue investments in private equity, venture capital, debt, and real estate, with a goal of attracting foreign direct investments exceeding SAR 750 million and managing assets exceeding SAR 7.5 billion.

To facilitate access for Japanese investors to Saudi markets, SBI Holdings also partnered with Saudi Arabia’s National Technology Group to establish an exchange-traded fund focused on the Saudi Stock Exchange.

The Ministry of Investment signed a memorandum of understanding with the International Finance Corporation to boost Saudi private sector growth through advisory, financial support, training, and global investment insights. The “Invest Saudi” initiative showcased the nation’s investment potential at the conference, engaging global leaders and experts in discussions on economic trends.

Source: Saudi Press Agency