NEOM Investment Fund (NIF), the strategic investment arm of NEOM, announced its official inauguration today, marking a key step in supporting NEOM’s development.
The wholly-owned subsidiary of NEOM is designed to facilitate the growth and advancement of NEOM’s 14 priority sectors while also contributing to job creation within the region.
NIF will adopt a global approach by engaging in Mergers & Acquisitions and venture capital investments, with a primary focus on emerging technology startups and next-generation industries.
Saudi Arabia’s NEOM launches new investment fund
Moreover, the fund will foster partnerships through Joint Ventures with large multinational corporations, institutional investors, and innovators operating within the NEOM ecosystem.
“The vision of NEOM is to address global challenges that redefine livability, conservation, and business. As NEOM’s strategic investment subsidiary, NIF will play a critical role in converting NEOM’s vision to reality. NIF will enable NEOM to sustain its contribution to realising the ambitions of the Kingdom over the long term, cementing its position as a key driver of economic diversification and job creation,” Nadhmi Al-Nasr, CEO of NEOM said.
Majid Mufti, CEO of NEOM Investment Fund, highlighted the alignment between NIF’s strategy and NEOM’s development objectives.
He said: “The NIF strategy is designed to align NEOM’s development objectives with those of innovators and institutional investors, de-risking opportunities for them to participate in creating core global growth businesses and a thriving economy in NEOM.”
As part of its inaugural announcement, NIF unveiled its investments in companies such as Regent, Pony.AI, Boom Technology, BlueNalu, and Animoca Brands, with further details to be disclosed in the coming days.
These investments underscore NIF’s commitment to collaborating with NEOM sectors to support their growth strategies, enabling new technologies, fostering business establishment, and nurturing a robust economy in NEOM.
NIF, as a catalyst for transformative change, seeks deep partnerships with like-minded investors and pioneering entrepreneurs working on the world’s most complex challenges, in alignment with NEOM’s vision.
The fund aims to nurture regional and global champion companies across NEOM’s 14 economic sectors by investing in commercially viable projects and groundbreaking ideas facilitated by cutting-edge technologies.
In addition to its investment activities, NIF will undertake the role of portfolio manager for NEOM’s sector assets and companies, ensuring returns for shareholders and investors through portfolio synergies, thereby contributing to NEOM’s long-term financial sustainability.
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