Aiman Al-Mudaifer joined the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, in 2018 as head of the Local Real Estate Investments Division, which is one of PIF’s three investment divisions that oversees two of PIF’s six pools of investment.
He is responsible for leading the fund’s local real estate investment strategy, which plays a key role in the development of land, housing, and tourism projects that are transforming the Kingdom’s social and economic landscape. These include the giga projects – Qiddiya, The Red Sea, and NEOM.
Al-Mudaifer oversees investments and projects designed to develop world-class urban communities, enhancing the quality of life for Saudi citizens. In addition, to developing and promoting Saudi Arabia as a tourism destination and improving the Hajj and Umrah experience for both local and international visitors
PIF aims to capitalize on these investments to bring best-in-class development expertise and drive the growth of the local supply chain for construction while reinforcing strategic partnerships with local and foreign investors.
Consistent with PIF’s goal to create new sectors, companies, and jobs in the Kingdom, over 15 of PIF’s Local Real Estate Investments’ projects have hospitality components. These include plans to develop over 300 hotels that include 135,000 hotel keys by 2030, which will create over one million jobs in tourism, of which 500,000 are in hospitality.
Al-Mudaifer serves as a member of the PIF Management Committee and the Management Investment Committee, where his visionary leadership and deep knowledge of the real estate and infrastructure projects landscape have proved invaluable assets in the committee’s drive to launch and develop new sectors as mandated in PIF’s Program to fulfill the ambitious goals of Vision 2030. These objectives will be achieved through the development of new companies and ecosystems, as well as large-scale infrastructure and real estate projects.
During his tenure, PIF has successfully launched several initiatives aimed to support the Kingdom’s economic transformation efforts and promote investments in several sectors, while achieving high returns over the medium and long terms maximizing the value of underutilized assets and generating economic, social, and financial returns. Through these endeavors, PIF acts as an incubator to new investments while supporting organizations in developing their institutional capabilities and meeting their business objectives. As part of his approach, Al-Mudaifer places a strong emphasis on encouraging synergies between real estate projects and other investments to ensure these complement each other and help to drive cost reductions through economies of scale and shared services.
Al-Mudaifer began his career as a credit consultant at the Saudi Industrial Development Fund. Prior to joining PIF, he served in several key positions in both the public and private sectors including as CEO of Shomoul Holding Co., CEO of Andalus Co., and Licensing Department Official Manager of the Investigations Department at the Capital Market Authority. In addition to his role at PIF, he is the chairman of Rua Almadinah Holding Co. and Saudi Real Estate Co.
Al-Mudaifer obtained a bachelor’s degree in systems engineering at King Fahd University of Petroleum and Minerals and is a graduate of the Cooperation Program between Chase Manhattan Bank and the Saudi Industrial Development Fund.
Aiman Al-Mudaifer, Saudi Public Investment Fund executive
https://arab.news/9fs2q
Aiman Al-Mudaifer, Saudi Public Investment Fund executive
Parliamentary Foreign Vice-Minister Matsumoto to visit Saudi Arabia, Jordan
TOKYO: Japan’s Parliamentary Vice-Minister for Foreign Affairs Matsumoto Hisashi will visit the Kingdom of Saudi Arabia and Jordan from Jan. 11 to 15, the foreign ministry said on Friday.
During the visit, Matsumoto is scheduled to exchange views with government officials of Saudi Arabia and Jordan on bilateral relations as well as regional and international situations.
Matsumoto is scheduled to arrive in Riyadh on Jan. 12, according to the ministry.
A version of this article appeared on Arab News Japan.
Thousands in Lebanon benefit from KSrelief healthcare services
RIYADH: A project by Saudi aid agency KSrelief to improve healthcare services for Syrian refugees and their host community in Bebnine, Akkar Governorate, has continued in Lebanon.
Some 2,689 patients were seen at the Akkar-Bebnine Health Care Center in December with 6,194 services provided under pharmacy, laboratory, nursing, community and psychological health programs.
Of the total number of patients, 68 percent were women and 51 percent were refugees, reported the Saudi Press Agency.
Saudi Arabia’s KSrelief continues aid work in new year
- The work reflects Saudi Arabia's ongoing commitment through KSrelief to help those most in need
RIYADH: The Kingdom’s aid agency KSrelief has continued its humanitarian work at the start of 2025, the Saudi Press Agency reported recently.
In Syria, 892 families received food aid and health kits in the Afrin and Aleppo governorates of the war-torn country, benefiting 5,352 individuals.
The agency also distributed bags of flour, winter kits, and personal-care bags to 211 families in Syria’s Al-Rastan area, benefitting 968 individuals.
In Syria’s Rural Damascus governorate, KSrelief distributed bags of flour, food aid, personal-care bags, and shelter kits to 164 families.
In Pakistan, there were 2,821 food parcels, benefiting 18,638 people, distributed in the Bahawalnagar and Rahim Yar Khan areas of Punjab province, and the Hingol area in Khyber Pakhtunkhwa province.
KSrelief also distributed 1,082 clothing vouchers to families in Palestinian refugee camps in Jordan’s Amman, Zarqa and Balqa governorates.
Saudi Museum of Contemporary Art to host ‘Manga Hokusai Manga’ exhibition
- Exhibition is homage to renowned Japanese artist Katsushika Hokusai
The much-anticipated “Manga Hokusai Manga” exhibition will be held at the Saudi Arabia Museum of Contemporary Art in JAX Diriyah from Jan. 15 to Feb. 8.
Held in collaboration with the Embassy of Japan and the Japan Foundation, the exhibition, ratified by the Kingdom’s Museums Commission, will showcase the works of the renowned Japanese artist Katsushika Hokusai.
It will highlight the history and evolution of manga, and provide a perspective on how Hokusai’s classical illustrations have influenced modern visual arts, the Saudi Press Agency reported recently.
Hokusai published his first collection of art in 1814, featuring sketches of “daily life, landscapes and whimsical creatures,” according to a post on X by the museum.
The Saudi Arabia Museum of Contemporary Art aims to foster cultural exchange between local and international creators.
Kingdom readies itself for 3 days of rain and high winds
- Warning of high waves along the Kingdom’s coastlines
RIYADH: Saudi Arabia is bracing itself for rainfall across most parts of the Kingdom over the next three days after the National Center for Meteorology issues warnings on Thursday.
In a weather bulletin, the NCM warned of downpours accompanied by winds of up to 60 kph, and the possibility of torrential rain and hail. High waves are expected along the nation’s coastlines.
The regions of Al-Jouf, the Northern Borders, and Hail will have rainy conditions on Friday and Saturday.
On Friday, rain is expected in the Tabuk and Madinah regions; on Saturday and Sunday in the Eastern Province, Asir and Jazan; and on Saturday in Qassim.
For the Riyadh and Al-Baha regions, rain is expected from Friday to Sunday.
The NCM urged the public to stay updated on the weather conditions in the Kingdom by checking the daily reports on its website, the Anwaa application, or its social media accounts.
