00:00Financial returns and developmental objectives for the fund.
00:03Based on that, how do you measure performance?
00:06And what KPIs do you rely on to assess what has been achieved for the Saudi economy?
00:11KPIs are significant in light of what has been achieved.
00:15To answer this question, it is important to review the fund's stages of development since its establishment in 1971.
00:23In its early years, the fund focused on developing the local economy, particularly in the financial sector, the petrochemical sector,
00:30and infrastructure projects such as railways, playing a clear role in driving development.
00:36In 2015, a major transformation took place.
00:41Developmental goals were no longer the sole objective, but became part of a broader framework that also includes economic feasibility.
00:49Limiting objectives to development alone would mean overlooking the economic viability of projects.
00:56In 2015, following the transfer of the fund from the Ministry of Finance to the oversight of the Council of
01:02Economic and Development Affairs,
01:04work began on redefining its strategy for the 2018-2020 period as part of this transformation phase.
01:11During this transformation period, we established several companies and major projects, among the largest globally were launched, including NEOM, the
01:21Red Sea Project, and Qadiyah.
01:23The fund also strengthened its partnerships locally and internationally, contributed to the creation of significant job opportunities, and enhanced collaboration
01:32with the private sector.
01:34At the start of 2021, the fund entered the third phase of its strategic development for the 2021-2025 period,
01:42marking a stage of expansion and growth while building on the achievements of previous phases.
01:47Several national companies were launched, including Roshan, Humine, and Savi, while existing companies such as ACWA Power, Bari, and MyAden
01:57were further enabled and developed,
02:00with the fund playing a key role in expanding their operations and strengthening their impact.
02:05The current strategy, covering the period from 2026 to 2030, builds on this trajectory and focuses on transforming 13 strategic
02:14sectors into six integrated economic ecosystems.
02:17On what basis were these ecosystems selected?
02:20To answer this question logically, it is important to explain how the fund's investment structure has evolved.
02:26In the early phase of its strategy, the approach was based on a geographic allocation of investment objectives.
02:32The fund had six investment portfolios, two dedicated to international investments, two to domestic investments, and two to local real
02:42estate investments, including a dedicated portfolio for mega-projects.
02:45We have now moved to implementing three main portfolios, the vision portfolio, the strategic investment portfolio, and the financial investment
02:56portfolio.
02:56Each of these portfolios has distinct investment objectives, although all are ultimately aimed at delivering strong financial returns.
03:06The vision portfolio focuses on enhancing integration across priority strategic sectors for the Saudi economy and the public investment fund.
03:15It also aims to maximize value for the fund's companies and support local economic growth through the development of integrated
03:22economic ecosystems, numbering around six.
03:26The second portfolio, which is the strategic investment portfolio, focuses on managing and maximizing returns from strategic assets, while also
03:35increasing the economic impact of the fund's companies.
03:38The third portfolio, the financial investment portfolio, is primarily focused on generating financial returns, both domestically and internationally.
03:47The third portfolio, is the seeming built in the face-stopping systems, which the fore etwas House概 Attailistan didn't also
03:47work together at all times in a world compartilfach records, how we manage to applyzes and events, originally a combined
03:47strategy, about you functionally.
03:48Otherwise, the third portfolio's schedule I work.
03:49Mobile мыш debriefs pays delivery by兄弟s protection issues ideally.
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