LONDON: Saudi Arabia’s Public Investment Fund (PIF) is targeting annual returns of between 3 and 9 percent across its portfolios in the long term, its managing director said on Tuesday.
Yasir Al-Rumayyan was speaking at the opening session of a major conference hosted by the PIF in Riyadh.
Panelists included BlackRock Chairman Larry Fink, IMF Managing Director Christine Lagarde and Victor Chu, CEO of First Eastern Investment Group.
They were quizzed on their outlook for investment returns as individuals and states worldwide grapple with how to ensure sufficient retirement fund during an extended period of low growth across global economies.
Al-Rumayyan said that some assets could reach annual returns in the low teens.
“We don’t want to be a sitting duck to be shot down by only being in conventional investments. We want to go beyond – that is what Vision 2030 is all about.”
He also revealed that he wants the Future Investment Initiative to become an annual event which would help the Kingdom prepare for the future.
BlackRock’s Fink warned: “Long term growth rates are decelerating quite rapidly and this is going to present pension funds with bigger liability issues – but this is also one of the reasons we have to address this issue of retirement today with expected returns — whether it’s 4, 6 or 8 (percent).
“It means you have to put money away sooner to get to the expected pool of money you want in retirement.”
Asked about his own forecasts for what was possible and realistic as an investment return, he said: “The BlackRock Investor Institute came out with a 10-year forecast of 4 percent – with a balanced portfolio. I tend to think it will be closer to 6 percent. We’re in a world of low inflation.”
Dozens of the biggest names in global business have arrived in the Kingdom for the Future Investment Initiative (FII), which is being hosted by the Public Investment Fund (PIF) — the body that is spearheading a slew of economic reforms.
Saudi Arabia is undergoing unprecedented economic and social reforms as the Kingdom seeks to reduce reliance on oil and gas revenues while creating thousands of new jobs for a youthful population.
PIF and BlackRock chiefs reveal investment targets in Riyadh
PIF and BlackRock chiefs reveal investment targets in Riyadh
Over 1,245 wild animals resettled so far in Saudi Arabia’s largest natural reserve
- More than 120 wildlife births also recorded at King Salman bin Abdulaziz Royal Natural Reserve
TURAIF: King Salman bin Abdulaziz Royal Natural Reserve (KSRNR), Saudi Arabia’s largest, has so far resettled more than 1,245 wild animals, according to the Saudi Press Agency.
The reserve has also recorded over 120 births among its wildlife, SPA said, citing records of the KSRNR Development Authority as it marked International Day for Biological Diversity on May 22.
Located in the Kingdom’s north, the reserve is home to over 290 species of migratory birds, more than 550 types of wild and grazing plants, and over 350 species of various mammals, reptiles, and amphibians.
Among these animals are the rare deer, the Arabian gazelle, the Arabia oryx, and the kestrel, a medium-sized bird of prey.
KSRNR covers an area of 130,000 square kilometers, spanning the provinces of Hail, Tabuk, Jouf, and the Northern Borders.
The reserve hosts a diversity of physical geography, consisting of 14 geographic formations of mountains, plains, and plateaus, and rare monuments dating back to about 8,000 BC.
Also within the reserve are villages, such as Al Qurayyat and Tubarjal towns in the Jouf and the city of Turaif in the Northern Borders.
The authority has said the reserve is dedicated to preserving unique natural habitats, transforming into a haven for wildlife, a crucial stopover for migratory birds each year, and a natural sanctuary with its balanced environment and diverse landscapes.
Since its inception, the authority has focused on raising environmental awareness within the local community to bolster its conservation efforts.
Last year, the KSRNR authority also reported having planted more than 2,400,000 seedlings, rehabilitated 700,000 hectares, removed 119 tons of hazardous waste, and scattered 4 tons of local seeds in the reserve.
The voluntary seed scattering initiative covered six valleys on reserve territory, including Nayal Valley of Niall Shuaib Abu Talihat, Fager Valley, Shaib al Qilayyib, Sarbout Plath, Mot and Masaha Valleys.
“The two-month initiative aims to develop vegetation and increase the green area of the reserve, with the participation of several voluntary associations and volunteers, by scattering an estimated four tons of seeds,” the authority posted on its website.
The Saudi artist giving traditional crafts a new voice
- Fatimah Al-Nemer honors generational knowledge through collaborations with Saudi craftswomen
RIYADH: What if traditional crafts were not relics of the past but blueprints for the future? Saudi artist Fatimah Al-Nemer, whose work is on show at Riyadh’s Naila Art Gallery, transforms ancestral materials into contemporary narratives, blending palm fronds, clay, and wool with concept and meaning.
For Al-Nemer, heritage is not something to simply preserve behind glass. It is something to touch, reshape and retell. And traditional crafts are far more than manual skills; they are living archives.
“In the Arabian Peninsula, people adapted to their environment by turning clay, palm fronds, and wool into tools for survival and then into objects of timeless beauty,” she told Arab News.
These crafts, shaped over generations, carry stories that Al-Nemer reinterprets through contemporary art.
Her project, Al-Kar, exemplifies this approach. Named after the traditional climbing tool used by date harvesters, the piece was created in collaboration with Saudi craftswomen.
Al-Nemer transformed humble palm fibers into a three-meter-long rug, elevating simple material into a conceptual installation.
HIGHLIGHTS
• Through her work, Fatimah Al-Nemer dissolves the boundaries between craft and art, heritage and modernity.
• Those curious about the artist’s work can view some of her pieces at solo exhibition ‘Memory of Clay,’ held at Naila Art Gallery until May 30.
“This is not merely an aesthetic celebration,” she said. “It’s a rewriting of our communal identity. Our heritage is rich — not only in materials, but in stories.”
Her work goes beyond decorative craft; she treats traditional practices as conceptual frameworks, weaving narratives through textiles, clay and palm fiber.
Her collaborations with artisans ensure that generational knowledge is embedded in each piece. “The material is never separate from the experience,” she added. “It becomes witness — marked by the presence of women, place and memory.”
Participation in international exhibitions has expanded Al-Nemer’s artistic outlook, allowing her to view local materials like clay and textiles as globally resonant.
This is not merely an aesthetic celebration. It’s a rewriting of our communal identity. Our heritage is rich — not only in materials, but in stories.
Fatimah Al-Nemer, Saudi artist
“The global art scene recontextualizes challenges like the marginalization of craft, and transforms them into dialogues about identity and memory,” she said.
For Al-Nemer, craftswomen are not merely implementers, but collaborators. “They carry manual intelligence honed across generations,” she added, commending institutions like Saudi Arabia’s Heritage Commission and Herfa Association that are now empowering artisans in alignment with the Kingdom’s cultural transformation.
“Craft is no longer confined to the past — it is a living contemporary practice with global relevance,” she said.
Those curious about the artist’s work can view some of her items at solo exhibition “Memory of Clay,” held at Naila Art Gallery until May 30.
The exhibition offers a contemplative journey into themes of memory, belonging and identity transformation, using clay as a visual and cultural symbol.
Featuring 12 works created through mixed media and a combination of traditional and contemporary techniques, Al-Nemer reimagines ancient Saudi crafts through a modernist lens, presenting clay not simply as raw material, but as a timekeeper and silent witness to human evolution.
“Clay is not just a medium,” she said. “It is a mirror of our collective memory, shaped as we are shaped, cracking to reveal hidden layers of nostalgia and wisdom.”
This philosophy materializes in the tactile depth, earthy hues and intricate details that define her works — each piece echoing the raw pulse of life.
To young Saudi women hoping to innovate through craft, Al-Nemer offers this message: “Believe in the value of what you hold. The world doesn’t just want the product — it wants the story behind it.”
With expanding institutional support and evolving creative spaces, the artist sees an opportunity: “Craft can thrive as both art and enterprise as long as authenticity remains at its core.”
Through her work, Al-Nemer dissolves the boundaries between craft and art, heritage and modernity.
Every thread and every texture becomes a testament to identity — crafted by hand, read by the eye and understood by the heart.
City Walk brings wildlife encounters to Jeddah
- More than 50 rare and exotic bird species from Indonesia, Australia, Africa, and South America are part of the experience this year
JEDDAH: Nature lovers are heading to the Birds and Reptiles Cave, part of Jeddah Season, at City Walk for a wild experience.
The exhibit, which runs until June 14, presents visitors with an array of exotic animals, from vibrant, free-flying birds to reptiles housed in carefully crafted enclosures. Visitors can touch, feed, and observe tame species under the supervision of experts and handlers.
More than 50 rare and exotic bird species from Indonesia, Australia, Africa, and South America are part of the experience this year.
Mohammed Bukhari, one of the exhibit’s wildlife experts, said, “We offer a unique experience that weaves together the magic and diversity of nature’s wildlife within an entertaining and consumer-friendly environment.”
FASTFACT
More than 50 rare and exotic bird species from Indonesia, Australia, Africa, and South America are part of the Birds and Reptiles Cave.
He emphasized the cave’s broad appeal, noting that it caters to both wildlife enthusiasts and casual visitors. “Parents are increasingly bringing their kids to connect with nature and experience wildlife,” Bukhari added. “From schoolchildren to the elderly, everyone gets rejuvenated and energized after spending some time exploring nature with such birds and reptiles.”
Hamdaan Al Buadaani from Taif, who visited the cave with his son, said: “My son was very happy to see birds flying over his head, holding little snakes in his hand, touching the big and small turtles and getting up close with macaws, owls, kangaroo and monkeys.”
Adel Al-Mansouri, who visited with his family, praised the cave as a great outing for children. “It is an ideal place to view reptiles and birds,” he said. “There is a good variety of birds and reptiles and my kids were so happy to touch and play with birds.”
Saudi e-game developers shine at Riyadh’s ‘Zero to Hero’ bootcamp
- The 12-week bootcamp aimed to enhance participants’s skills in game design and development while exploring industry trends, challenges, and opportunities
RIYADH: Saudi Arabia’s Small and Medium Enterprises General Authority concluded the “Zero to Hero” gaming bootcamp by recognizing three winning teams for their standout entrepreneurial ideas in the electronic gaming sector.
Held at the authority’s support center in Riyadh, the event was attended by Deputy Gov. for Entrepreneurship Saud Al-Sabhan, along with industry experts and specialists.
Teams Hanka, Nomad, and AlUla were honored for their excellence in game design, development, and innovation, the Saudi Press Agency reported on Saturday.
The event drew wide participation, with attendees showcasing their projects to a select group of experts and investors, the SPA added.
The 12-week bootcamp aimed to enhance participants’s skills in game design and development while exploring industry trends, challenges, and opportunities.
Out of 148 applicants, 10 projects advanced, benefiting from 47 specialized workshops that boosted their technical and creative capabilities.
The program unfolded in four phases: an introduction to the bootcamp, intensive game development training, prototype creation, and final project presentations before a panel of experts and investors.
The initiative reflects the authority’s commitment to advancing the Kingdom’s gaming industry by nurturing local talent, fostering innovation, and empowering entrepreneurs to compete on regional and global levels.
Riyadh’s science oasis hosts global researchers
- The delegation was briefed on the oasis’ key initiatives and programs, which help to support a culture of innovation to advance scientific research
RIYADH: King Salman Science Oasis in Riyadh has hosted a high-level delegation from the Global Research Council, including leaders and experts in research, development, and innovation.
The visit coincided with the council’s 13th annual meeting — held for the first time in the Middle East and North Africa region — in Riyadh from May 18-22, the Saudi Press Agency reported.
An interactive session during the visit aimed to inspire scientific enthusiasm and foster innovation among future researchers.
The delegation was briefed on the oasis’ key initiatives and programs, which help to support a culture of innovation to advance scientific research.
Visitors praised the Kingdom’s commitment to investing in human capital and knowledge, aligned with the goals of Vision 2030.
Hosting the council’s annual meeting highlighted the Kingdom’s growing role as a hub for research, development, and innovation, and its rising prominence regionally and globally, according to the SPA.
King Salman Science Oasis is a scientific center focused on presenting science in an accessible and educational way. It offers activities across science, technology, engineering, arts, and mathematics for various groups in society.
