Ibrahim Almojel, director general of the Saudi Industrial Development Fund

Ibrahim Almojel
Updated 30 March 2019
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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. 


Experimental farm in Al-Lith looks into future of Saudi Arabian agriculture

Updated 01 February 2026
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Experimental farm in Al-Lith looks into future of Saudi Arabian agriculture

  • Research initiative reflects strategic transformation

JEDDAH: An experimental farm in Saudi Arabia’s Al-Lith Governorate is one of the research initiatives reflecting the strategic transformation taking place in the Kingdom’s agricultural sector.

The farm uses highly efficient, sustainable production models that combine scientific research with commercial application, contributing to strengthening the country’s food security system and the sustainability of water resources.

Located in the Ghumaiqa Center on an area of about 10 hectares, the cutting-edge farm is a testing platform for modern agricultural technologies that tackle the challenge of water scarcity.

The farm includes developed open fields and modern greenhouses, supported by smart irrigation encompassing drip and sprinkler irrigation alongside surface and subsurface technologies.

All the systems operate via smart controls that enable the monitoring of water consumption and ensure improved efficiency, thereby achieving a balance between agricultural production and water conservation.

The farm also uses treated and diluted low-salinity seawater.

It aims to diversify agricultural water sources, reduce reliance on freshwater, and open new horizons for agriculture in coastal and semi-arid environments.

The project represents a promising investment opportunity in the field of smart agriculture, enabling the development of commercially scalable production models, particularly for high-value vegetables and fruits, while reducing operational costs associated with water and energy, enhancing the economic feasibility of future agricultural projects.

In addition, the project contributes to transferring and localizing agricultural expertise, supporting local food supply chains, and creating an attractive environment for agricultural investment.

This aligns with Sustainable Development Goals and enhances the efficiency of the private sector in adopting innovative agricultural solutions.

Yahya bin Abdulrahman Al-Mahabi, the director of the Ministry of Environment, Water and Agriculture office in Al-Lith Governorate, told the Saudi Press Agency that the project represented the future of agriculture in the Kingdom.

He explained that the vision was based on investing in technology, enhancing the return on water per unit, and integrating scientific research with investment opportunities.

Al-Mahabi spoke of the experimental farm as a modern, scalable and replicable model applicable in several regions of the Kingdom, particularly in coastal environments.

Al-Mahabi highlighted the Ministry of Environment, Water and Agriculture’s commitment to supporting distinctive projects that contributed to achieving food security while developing rural areas and enhancing agricultural production efficiency, in line with the objectives of the Kingdom’s Vision 2030.