- Strategic Investment Strengthens Al-Futtaim’s Leadership in Saudization, Talent Development, and Diversified Growth in KSA
Al-Futtaim Group, one of the region’s leading conglomerates, announced today its strategic commitment to invest SAR 10 billion (approximately USD 2.72 billion) over the next three years in the Kingdom of Saudi Arabia.
This new commitment builds on existing investments exceeding SAR 5 billion, reflecting Al-Futtaim’s steadfast dedication to Saudi Vision 2030 and its role as a strategic partner in driving economic diversification and sustainable growth within the Kingdom.
The announcement came on the opening day of the Future Investment Initiative (FII) in Riyadh. The comprehensive investment strategy is expected to create over 1,000 new job opportunities in Saudi Arabia, supporting the development and empowerment of local talent across key sectors.
Through this initiative, Al-Futtaim also aims to reinforce Saudi Arabia’s localization goals, focusing primarily on knowledge transfer, the development of robust local supply chains, and the training of Saudi professionals to lead the industries of the future.
Marwan Shehadeh, Director of Corporate Development at Al-Futtaim Group, highlighted the strategic foundation of this commitment, emphasizing that Vision 2030 calls for an investment approach that goes beyond financial capital—one that involves strategic partnerships with entities that possess deep operational and regional expertise, along with a genuine commitment to national capacity building.
He added:
“Our pledge to invest SAR 10 billion is a tangible expression of our confidence in the Kingdom’s potential and our readiness to actively contribute to its economic diversification and innovation agenda”.
He add:
“We don’t see ourselves merely as investors but as committed partners in building the Kingdom’s future.”
During its participation in the ninth edition of the Future Investment Initiative, Al-Futtaim is showcasing its integrated approach to supporting the Kingdom’s transformative agenda.
The Group is channeling its investments into key strategic sectors that align with Vision 2030’s objectives, including:
Mobility Transformation
Al-Futtaim is advancing the adoption of electric vehicles (EVs) and accelerating the transition toward sustainable mobility in Saudi Arabia. This includes the introduction of advanced EV models through global partnerships with companies such as BYD and other leading brands, contributing to the development of efficient and eco-friendly transportation solutions in the Saudi market.
Retail Experiences
The Group is enhancing the Saudi consumer landscape through strategic retail investments, most notably its partnership with Cenomi Retail.
Under this partnership, Al-Futtaim has acquired a 49.95% stake in the company, alongside providing a shareholder loan and additional banking facilities.
This collaboration focuses on developing omnichannel, AI-driven retail experiences, introducing global brands and premium lifestyle offerings to Saudi consumers, and elevating the Kingdom’s retail ecosystem to new levels of innovation and sophistication.
Insurance and Financial Services
Through Orient Insurance, Al-Futtaim contributes to enhancing trust, resilience, and financial inclusion in the Saudi financial sector by offering tailored insurance and financing solutions designed to meet customers’ evolving needs.
Real Estate Development
Al-Futtaim also aims to expand its real estate footprint in line with Saudi Arabia’s rapid urban transformation, developing modern, integrated spaces that connect communities and improve overall quality of life.
As the world turns its attention to Riyadh during the Future Investment Initiative, Al-Futtaim reaffirms its deep-rooted commitment to Saudi Arabia and its long-term vision for partnership and progress.
In closing, Marwan Shehadeh stated:
“Our strategic investments stand as clear proof of our dedication to building a thriving ecosystem—one where innovation flourishes, local talent grows, and Saudi Vision 2030 evolves into a living, tangible reality through shared progress and collaboration.”
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