What specific sectors in Saudi Arabia are expected to benefit most from BlackRock's investments

several sectors in Saudi Arabia are expected to benefit significantly from BlackRock’s investments:

Real Estate and Housing

• BlackRock is partnering with the Saudi Real Estate Refinance Company (SRC) to develop the real estate finance market in Saudi Arabia.

• This collaboration aims to support the growth of the mortgage market, which has quadrupled in size over the last five years and is expected to reach nearly $200 billion.

• The partnership aligns with Saudi Arabia’s Vision 2030 goal of increasing homeownership to 70% by 2030.

Infrastructure

• BlackRock and the Public Investment Fund (PIF) are exploring infrastructure projects across various sectors, including:

• Energy

• Power

• Utilities

• Water

• Environment

• Transportation

• Telecommunications

• Social infrastructure

Capital Markets

• BlackRock Riyadh Investment Management (BRIM) will launch investment strategies across multiple asset classes in the Saudi market, including both public and private markets.

• This initiative is expected to broaden local capital markets and drive investor diversification across asset classes.

Technology, Tourism, Manufacturing, and Renewable Energy

• These sectors are part of Saudi Arabia’s Vision 2030 plan to diversify its economy beyond fossil fuels.

• BlackRock’s partnership with PIF aims to support investments in these areas as part of the kingdom’s economic transformation.

Financial Services and Asset Management

• The establishment of BRIM is expected to enhance the Saudi asset management industry and facilitate knowledge sharing and development of local talent.

By focusing on these sectors, BlackRock’s investments are aligned with Saudi Arabia’s economic diversification goals and are expected to contribute to the growth and development of these key areas within the kingdom.