Knowledge Economic City Competitors

The Saudi Arabian Investment Authority is led by His Excellency Governor Eng. Ibrahim Al Omar and is responsible for promoting the many opportunities that are within Saudi Arabia to investors as a favorable investment destination in the region and throughout world. Established in 2000, SAGIA facilitates introductions for investors to key stakeholders to support their business, and offer advice and services to companies from the initial planning stage of their investment to comprehensive aftercare once they have established themselves in the Kingdom. Saudi Arabia offers competitive regulations and attractive incentives to its investors, contributing to a world class investment environment that enables them to quickly move from entering the market, to becoming key players in the market.

Qiddiya Investment Company (QIC), a Public Investment Fund (PIF) company, is shaping one of the most transformative visions of Saudi Arabia’s future. By harnessing the Power of Play, we are unlocking new economic opportunities, elevating quality of life, and contributing to the ambitions of Saudi Vision 2030. As a company behind flagship projects such as Qiddiya City and Saudi Entertainment Ventures (SEVEN), QIC is creating destinations and ecosystems where people can live, play, stay, work, and invest. At QIC, we believe play can move society forward, opening up new opportunities and bringing joy. Our commitment to play is evident in everything we do, aiming to transform lives through play, and creating extraordinary and fulfilling experiences. We develop integrated ecosystems that allow you to play, live, stay, invest, or work, with play as a catalyst for learning, creativity, performance, connection, escapism, and personal growth.

King Abdulaziz City for Science and Technology (KACST) is an independent scientific organization administratively reporting to the Prime Minister. KACST is both the Saudi Arabian national science agency and its national laboratories. The science agency function involves science and technology policy making, data collection, funding of external research, and services such as the patent office. KACST has currently over 2500 employees. Based on is charter 31.I.2.1.985, KACST's main responsibilities can be summarized as follows: Main Responsibilities: 1. Propose a national policy for the development of science and technology and develop strategies and plans necessary to implement them. 2. Coordinate with government agencies, scientific institutions and research centers in the Kingdom to enhance research and exchange information and expertise. 3. Conduct applied research and provide advice to the government on science and technology matters. 4. Support scientific research and technology development. 5. Foster national innovation and technology transfer between research institutes and the industry. 6. Foster international cooperation in science and technology. Vision To obtain the scientific and technology knowledge needed for the Kingdom to achieve a better quality of life and sustained development. Mission To strategize, plan, manage, coordinate, and fund research and development in the Kingdom in compliance with the needs and requirements through: • Drafting policies and procedures and activating the cooperation and collaboration venues between research institutes, including universities and the private sector. • Building a national R&D infrastructure with qualified professionals. • Localization and development to solve local problems, improve life quality, and reduce cost.