Saudi Arabia’s Industrial Development Fund Investment Company (SIC) has committed capital to a fund managed by Investindustrial, marking its first investment in an international private equity vehicle.

The strategic partnership aims to accelerate industrial development across the Kingdom in alignment with Saudi Arabia’s Vision 2030.

The deal, announced in Riyadh and attended by institutional figures including the Italian Ambassador to Saudi Arabia, will help channel global institutional capital and operational expertise into key sectors such as automation, advanced machinery, medical devices, and consumer products. The focus is on fostering local innovation, integrating Saudi SMEs into Investindustrial’s value chain, and reinforcing long-term industrial sustainability.

“This agreement represents a new chapter for SIC,” said Fahad Al-Naeem, CEO of SIC. “By partnering with Investindustrial we will integrate global reach, operational depth, and industrial specialisation into our ecosystem.”

For Investindustrial, the partnership underscores its growing commitment to the region. Following the recent opening of a dedicated office in Abu Dhabi, the firm has been expanding its presence to support both its portfolio companies and broader Middle East opportunities.

Andrea C. Bonomi, Chairman of Investindustrial’s Advisory Board, added: “The Kingdom of Saudi Arabia represents a key strategic region for our portfolio. This partnership is a milestone in our effort to support the country’s economic diversification and industrial growth.”

Source: Il Sole 24 Ore

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