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- Former SIDF CEO and investor Ibrahim Almojel talks Saudi transformation, NIDLP, VC and PE in exclusive interview with The TWENTY30
Former SIDF CEO and investor Ibrahim Almojel talks Saudi transformation, NIDLP, VC and PE in exclusive interview with The TWENTY30
"Seeing the change that's happening in Saudi...You can't see the transformation that's happening and not want to be engaged in it."
Khwarizmi Holding founding partner and former CEO of the Saudi Industrial Development Fund (SIDF) Ibrahim Almojel joins hosts Lucien and Hanaa for an exclusive interview and conversation on The TWENTY30 to discuss his pivotal role in the growth of Saudi Arabia’s industrial ecosystem as CEO of the SIDF, the launch and implementation of the NIDLP, the growth and diversification of his investment portfolio at Khwarizmi Holding, and how young Saudis are emerging as key players across Saudi Arabia’s growing economy.
During his 5 years leading SIDF, the fund size tripled to over SAR 105 billion ($28 billion) and the organization was a integral player in the launch of the National Industrial Development and Logistics Program (NIDLP) program, a major driver of Saudi Arabia’s industrial transformation. Since leaving SIDF, Almojel returned to his “other plans” - the founding of Khwarizmi Holding, a growing diversified investor in VC, PE, and real estate through various subsidiaries.
When Almojel was tapped to lead and transform the powerful Saudi Industrial Development Fund - SIDF after the launch of the Vision, he put his other plans aside. “I just had to have been part of this,” he told The TWENTY30. “You can't see the transformation that's happening in Saudi Arabia and not want to be engaged in it. We hear about great transformations in companies…but seeing a transformation at a country level, cultural, governance, economical…The whole thing is being rewritten.”
Almojel also discusses the recent rapid development of human capital and talent in Saudi Arabia as Vision 2030’s reforms progress. “This is something that you can't get enough of...So the more we invest in allowing opportunities for our younger talent to invest in themselves, and help them challenge themselves and build their network, build their expertise and skill set, the better it is."
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About The TWENTY30 Podcast
New futuristic cities built from scratch. Giga-projects. Major sports investments. Trillions in spending. An economy and society changing so quickly even locals sometimes can’t believe their eyes. Saudi Arabia is on a mission to change itself from a conservative society with an oil-dominated economy to a modern and open society with a diversified economy - and to become a global tourism destination. Such a transformation has never before been attempted, and the stakes for the Middle East - and the world - are high. The TWENTY30 is a new media network and podcast that explores the seemingly endless dimensions of the social and economic transformations in Saudi Arabia, which few living outside the Kingdom can truly grasp. From the creator and co-host of The 966 Podcast comes a new platform that tackles the news, issues, challenges, and opportunities in Saudi Arabia and the Middle East region as it continues forward in a full-throttle effort to remake itself while the world watches. Featuring exclusive interviews, frank conversations, and in-depth topic exploration, The TWENTY30 is the first bi-weekly English program of its kind dedicated to uncovering and highlighting the road ahead for Saudi Arabia and the region and why it matters.