Saudi Arabia

Saudi Arabia

Announces establishment of the Aseer Investment Company (AIC)

02 Dec 2022

On 2 December 2022, Saudi Arabia’s Public Investment Fund (PIF) announced the establishment of the Aseer Investment Company (AIC) to promote local and foreign direct investment to develop and transform the region into a year-round tourism destination. AIC will unlock a wide range of investment opportunities for domestic and international investors across a number of sectors including tourism, hospitality, healthcare, sports, education, food, and many other fast-growing domestic industries. It will contribute to fostering public-private partnerships, creating jobs for the local community and promoting the region’s tourism and attractive investment opportunities.