Investcorp names Yasser Bajsair as its new Saudi CEO

Investcorp Saudi CEO Yasser Bajsair
Updated 11 March 2018

Investcorp names Yasser Bajsair as its new Saudi CEO

Investcorp, a global provider and manager of alternative investment products, has announced the appointment of Yasser Bajsair as CEO of its subsidiary in Saudi Arabia, Investcorp Saudi Arabia Financial Investments Co., expanding his existing mandate that focused on the Western Province to cover the entire Saudi market.
Bajsair has been with Investcorp for over eight years, having joined the firm in 2010. In his role as managing director, he has materially contributed to the strong growth in Saudi Arabia and provided best-in-class solutions to clients. In his new role, he will be leading a team of Saudi relationship managers and investments professionals out of Investcorp’s Riyadh office.
Mohammed Alardhi, executive chairman of Investcorp, said: “Investcorp has been one of the most active investors in Saudi Arabia in the last 10 years. During this period, in his capacity as managing director, Yasser played an instrumental role leading the firm’s business in the Western Province. The experience he gained during his time with Investcorp, together with his deep understanding of the market as a Saudi national, makes him the perfect fit for this role. We have big ambitions in Saudi and we have aligned our business plans with the Saudi economic National Transformation Plan. We believe Yasser is well positioned to lead our team of professionals in the Kingdom.”
Bajsair said: “Saudi Arabia has always been an important market to Investcorp. The robust portfolio we have built in the Kingdom, together with the experienced team we have in place, gives us the edge we need to benefit from the attractive opportunities available in the market. In my new role, I am excited to build on the successful journey of Investcorp in Saudi and to continue its efforts to support the National Transformation Program there.”
Today Investcorp is one of the largest managers of private equity investments in Saudi Arabia with seven deals closed since 2009. Recent investments include: Al-Borg Medical Laboratories, Bindawood Holding, Leejam, Theeb, Al-Yusr Industrial Contracting Company (AYTB), L’azurde, and NDT Corrosion Control Services.

32 countries taking part in Saudi Build 2018

Saudi Build 2018 will be held in conjunction with Saudi Stone Tech 2018 and Saudi PMV Series 2018. All three events will give visitors deep insights into the latest innovations and developments in the construction sector. (AFP)
Updated 22 October 2018

32 countries taking part in Saudi Build 2018

The Riyadh Exhibitions Company Ltd. is hosting Saudi Build 2018 from Monday to Thursday at the Riyadh International Conference and Exhibition Center. The Saudi Export Development Authority, which seeks to strengthen Saudi Arabia’s non-oil exports in line with Saudi Vision 2030, is the event’s platinum sponsor. 

The event comes at a time when the Saudi building equipment market is steadily growing. The industry is expected to achieve a compound annual growth rate of 3.1 percent between 2017 and 2022. 

The 30th edition of the largest international construction technology and building materials exhibition in Saudi Arabia brings together local and international experts, decision-makers, and leaders to discuss emerging investment opportunities arising from the government’s $3.5 billion allocation for the construction of roads and bridges this year. Allocating higher funds aims to further diversify the Kingdom’s economy in line with Saudi Vision 2030.

Mohammad Al Al-Sheikh, head of marketing, Riyadh Exhibitions Company Ltd., said: “Saudi Build 2018 is taking place amid increased construction activities, especially in the industrial and commercial sectors, in the local market in keeping with the goals of the National Transformation Program 2020 and Saudi Vision 2030. The event will give all participants a direct access to the promising opportunities the Saudi market has to offer. Investors interested in entering the domestic market and beating the competition will benefit from the event. This year, it will focus on sustainable construction, which plays a key role in the government’s economic diversification plan and sustainability goals. Investors and decision-makers from the government and private sectors are expected to attend to explore current and future construction projects in Saudi Arabia. The construction sector now accounts for 45 percent of the total construction industry in the Middle East.”

Saudi Build 2018 will be held in conjunction with Saudi Stone Tech 2018 and Saudi PMV Series 2018. All three events will give visitors deep insights into the latest innovations and developments in the construction sector. Saudi Build 2018 is expected to bring together 512 exhibitors from 32 countries and more than 15,000 visitors who will participate in the event’s interactive presentations and workshops.

Al Al-Sheikh added: “Saudi Build 2018 is a result of our long efforts to create a world-class platform for local, regional and international building and construction industry leaders, backed with 38 years of experience in organizing a series of leading exhibitions and conferences that contribute to the growth of the Saudi economy. We are optimistic that the event will further enhance the confidence of the international community in the domestic construction industry. 

The value of the country’s current construction projects is at $284.3 billion, while over 700 projects are expected to be launched in the coming months and to be completed by 2022.”