Aiman Al-Mudaifer, Saudi Public Investment Fund executive

Aiman Al-Mudaifer

Aiman Al-Mudaifer joined the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, in 2018 as head of the Local Real Estate Investments Division, which is one of PIF’s three investment divisions that oversees two of PIF’s six pools of investment.
He is responsible for leading the fund’s local real estate investment strategy, which plays a key role in the development of land, housing, and tourism projects that are transforming the Kingdom’s social and economic landscape. These include the giga projects – Qiddiya, The Red Sea, and NEOM.
Al-Mudaifer oversees investments and projects designed to develop world-class urban communities, enhancing the quality of life for Saudi citizens. In addition, to developing and promoting Saudi Arabia as a tourism destination and improving the Hajj and Umrah experience for both local and international visitors
PIF aims to capitalize on these investments to bring best-in-class development expertise and drive the growth of the local supply chain for construction while reinforcing strategic partnerships with local and foreign investors.
Consistent with PIF’s goal to create new sectors, companies, and jobs in the Kingdom, over 15 of PIF’s Local Real Estate Investments’ projects have hospitality components. These include plans to develop over 300 hotels that include 135,000 hotel keys by 2030, which will create over one million jobs in tourism, of which 500,000 are in hospitality.
Al-Mudaifer serves as a member of the PIF Management Committee and the Management Investment Committee, where his visionary leadership and deep knowledge of the real estate and infrastructure projects landscape have proved invaluable assets in the committee’s drive to launch and develop new sectors as mandated in PIF’s Program to fulfill the ambitious goals of Vision 2030. These objectives will be achieved through the development of new companies and ecosystems, as well as large-scale infrastructure and real estate projects.
During his tenure, PIF has successfully launched several initiatives aimed to support the Kingdom’s economic transformation efforts and promote investments in several sectors, while achieving high returns over the medium and long terms maximizing the value of underutilized assets and generating economic, social, and financial returns. Through these endeavors, PIF acts as an incubator to new investments while supporting organizations in developing their institutional capabilities and meeting their business objectives. As part of his approach, Al-Mudaifer places a strong emphasis on encouraging synergies between real estate projects and other investments to ensure these complement each other and help to drive cost reductions through economies of scale and shared services.
Al-Mudaifer began his career as a credit consultant at the Saudi Industrial Development Fund. Prior to joining PIF, he served in several key positions in both the public and private sectors including as CEO of Shomoul Holding Co., CEO of Andalus Co., and Licensing Department Official Manager of the Investigations Department at the Capital Market Authority. In addition to his role at PIF, he is the chairman of Rua Almadinah Holding Co. and Saudi Real Estate Co.
Al-Mudaifer obtained a bachelor’s degree in systems engineering at King Fahd University of Petroleum and Minerals and is a graduate of the Cooperation Program between Chase Manhattan Bank and the Saudi Industrial Development Fund.