Ibrahim Almojel, director general of the Saudi Industrial Development Fund

Ibrahim Almojel
Updated 30 March 2019

Ibrahim Almojel, director general of the Saudi Industrial Development Fund

As director general of the Saudi Industrial Development Fund (SIDF), Ibrahim Almojel is leading the transformation of the key investment and advisory service as part of Vision 2030 economic reforms. 

During his meeting with investors at the Chamber of Commerce and Industry in Makkah, he said that the fund’s appropriations during the 2018 fiscal year exceeded SR9 billion ($2.4 billion), which contributed to the establishment of 108 industrial projects with total investments exceeding SR35 billion.

Almojel has a bachelor’s degree from Vanderbilt University in Nashville, Tennessee, US, majoring in electrical engineering and mathematics. He has a master’s degree in electrical engineering and a Ph.D. in management science and engineering from Stanford University. 

Before being appointed director general at SIDF, Almojel headed investment management at Saudi Aramco, overseeing portfolio management and investment services. 

He serves on the boards of Samba Financial Group, Raidah Investment Co., and the Arab Mining Co., and is chairman of Mostathmer, the Saudi association for professional investors. 


Saudi women get in the swing for golf glory

Though golf is a relatively new sport in the country, women have been encouraged to take up the game through new opportunities and support provided to them. (Supplied)
Updated 31 October 2020

Saudi women get in the swing for golf glory

  • Depending on location, players in the scheme will be designated as a Ladies First Member at either Riyadh Golf Club, Dirab Golf Club or King Abdullah Economic City’s Royal Greens Golf & Country Club

JEDDAH: Saudi women are breaking new barriers on the Kingdom’s golf greens, becoming acquainted with the sport and the benefits that come with it.
Though golf is a relatively new sport in the country, women have been encouraged to take up the game through new opportunities and support provided to them.
Golf continues to be a male-dominated sport. Despite women showing huge interest in the game, they are poorly represented in its ranks around the world.
A recently launched sporting initiative will allow women in the Kingdom to learn golf for free. The Aramco Saudi Ladies International, presented by the Public Investment Fund (PIF), is a first for the Kingdom. Another project, Golf Saudi’s innovative “Ladies First Club,” will offer complimentary membership, including golf lessons, driving range access and full 18-hole rounds on three different courses.
The offer is open to all Saudi women, with initial membership capped at 1,000. Sarah Al-Arifi, a 26-year-old Saudi entrepreneur, told Arab News that she was excited about the prospect of a Saudi female golf club. Even though the sport is perceived as male dominated globally, sports development is progressing rapidly in the Kingdom and is becoming inclusive, Al-Arifi said. She said the new projects will be “empowering.”
Al-Arifi highlighted the benefits of creating a community for every sport, not only golf, adding that from a consumer’s perspective, it promises to generate creativity.
“Having a community for a specific sport is not only important, it’s necessary because it drives competition and that’s much better for us as consumers. The obvious benefits of a community aside, as a consumer, I want there to be competition because it drives innovation and problem solving,” she said.
Depending on location, players in the scheme will be designated as a Ladies First Member at either Riyadh Golf Club, Dirab Golf Club or King Abdullah Economic City’s  Royal Greens Golf & Country Club.
The Ladies First Club will officially launch during a tournament buildup for the Aramco Saudi Ladies International presented by PIF.
It will take place between Nov. 12 and 15, two days before the Saudi Ladies Team International, which will see teams of four golfers compete for $500,000 in prize money from Nov. 17 to 19.