The signing ceremony took place in the presence of His Highness Prince Sultan bin Khaled bin Faisal, Vice Chairman of the Industrial Investment Fund Company, and Italian Ambassador to the Kingdom Carlo Balducci, in a sign of the level of support for this unique partnership. The signing ceremony was held in the presence of His Highness Prince Sultan bin Khalid bin Faisal, Vice Chairman of the Industrial Investment Fund Company, and Italian Ambassador to the Kingdom Carlo Balducci, signaling the high level of support for this qualitative partnership.
<The partnership seeks to co-invest in localizing advanced industries within the Kingdom and enabling Saudi SMEs to integrate into the global value chains managed by Invest Industrial. The areas of cooperation between the two parties focus on vital sectors including equipment and machinery, automation, medical devices, foodstuffs and sustainable consumer products to support the enhancement of local added value and stimulate innovation within the landscape The agreement represents a new chapter in the company's investment approach, explaining that the partnership with Investindustrial seeks to link industrial specialties, operational expertise and access to global markets to support the Saudi industrial system and enable the Kingdom to be a regional and international platform for the growth of manufacturing industries, stressing that the Industrial Fund Company will use its expertise in the local market to pave the way for global manufacturers to consolidate their business in the Kingdom and engage in global supply chains.
Fahad Al-Naim, CEO of the Industrial Fund Investment Company, said that the agreement represents a new chapter in the company's investment approach, adding that Investindustrial's partnership with Investindustrial seeks to link precision manufacturing specialties, operational expertise and access to global markets to support the Saudi industrial system and enable the Kingdom to be a regional and international platform for manufacturing industry growth. <For his part, Investindustrial Chairman Andrea Bonomi said: “Saudi Arabia has become an important strategic growth area for the Group's investment portfolio,” he said, emphasizing that many of Invest Industrial's investments are aligned with the goals of Vision 2030, providing quality opportunities to build long-term partnerships and create sustainable value.
Invest Industrial's Chairman of the Board, Andrea Bonomi, said. Industrial Fund was established to support industrial development in the Kingdom by enabling private sector participation and providing innovative investment solutions, with a focus on national priority sectors such as manufacturing, mining, energy and logistics, to build an integrated and sustainable industrial ecosystem.
