Riyadh - Sharikat Mubasher: The SIDF Investment Company (SIC) announced its first international private equity fund investment through a strategic partnership with Investindustrial, one of Europe’s leading investment groups.

The partnership is expected to unlock new industrial investments in Saudi Arabia by facilitating the localization of advanced manufacturing and enabling Saudi SMEs to integrate into Investindustrial’s global value chains, SIC revealed in a statement today.

The signing ceremony was attended by Sultan Khaled, Vice Chairman of SIC, and Carlo Baldocci, the Ambassador of Italy to Saudi Arabia.

Targeting various sectors, including automation, medical devices, and sustainable consumer products, this partnership focuses on enhancing local value creation and driving innovation in the Saudi industrial landscape.

Commenting on the partnership, Fahad Al-Naeem, CEO of SIC, said: “This agreement represents a new chapter for SIC. By partnering with Investindustrial, we’re bridging global reach, operational depth, and industry specialisation into our ecosystem, positioning Saudi Arabia as the platform for regional and international manufacturing growth.”

He highlighted that SIC will harness its local market expertise to pave the way for global manufacturers to establish a footprint in Saudi Arabia and connect with international supply chains.

Meanwhile, Andrea Bonomi, Chairman of Investindustrial, stated that the partnership with SIC represents an important milestone in supporting Saudi Arabia’s economic diversification and industrial development. “We are excited for this partnership and look forward to working hand-in-hand with SIC to drive the sustainable growth of Saudi Arabia’s industrial sector.”

Moreover, the partnership between SIC and Investindustrial perfectly aligns with the Saudi National Industrial Strategy (NIS) and Vision 2030 goals of positioning the Kingdom as a competitive global manufacturing and supply chain hub.