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About Nusaned™ Initiative

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Nusaned™ Initiative aims to support investors in areas related to:

  • SABIC opportunities available to drive investment and create local demand through
    • procurement spends 
    • product conversion to develop downstream industry 
    • commercialization of SABIC patents / technologies /applications
  • SABIC support packages to help in commercializing opportunities, including providing raw materials, technical support, etc. 
  • Advice and support on financing 
  • Local workforce development and training support through sponsorship or advice 
  • Strong alignment of Nusaned™ Initiative with different local authorities to ease project development.

THE COMPONENTS

What

WHAT IS HOME OF INNOVATION™

The Home of Innovation™ is a SABIC growth initiative that combines marketing, innovation and technology to create demand and support the downstream sector. This facility serves as a platform to showcase global innovations, while simultaneously monitoring and developing opportunities and solutions available in new markets. The Home of Innovation™ contributes to stimulating and revitalizing the business community in the region by facilitating cooperation between industry pioneers and offering products and solutions that can be manufactured locally.

Find out more

5 Key roles


Promote the SABIC brand

Showcase innovative technologies and products

Create business opportunities for participants

Promote the local market agenda

Support Nusaned™ pillars

13 Strategic markets

1) Automotive

2) Aquaculture

3) Civil Aviation

4) Building and Construction

5) Desalination

6) Renewable and Alternative Energy

7) Food

8) Logistics

9) Machinery and Equipment

10) Military

11) Mining/Minerals

12) Oil and Gas

13) Pharmaceuticals/ Medical Supplies

One vision


Enabling Home of Innovation™ to become the leading portal for localizing industries and a platform to connect local with global innovators for a better future.

One mission


Accelerating the transformation of the Kingdom into a powerful engine for industry by stimulating innovation, fostering cooperation, and driving localization.

NUSANED INVESTMENT™ INDEPENDENTLY INVESTS IN SAUDI SMEs, WITH A CLEAR MANDATE AND GOVERNANCE MODEL

 MANDATE/ OBJECTIVES

Prioritize SABIC-related Saudi economic development and strategy; support and enable execution of the Kingdom’s National Industrial Strategy; generate adequate returns for commercial viability and financial sustainability.

SEGMENTS/ OFFERING

Prioritize existing SMEs with proven technologies within SABIC supply chain and national downstream sector generally, with particular focus on NIS prioritized sectors; provide direct equity and indirect unlocking of debt – non-financial offering by Nusaned™  and Nusaned Investment™

GOVERNANCE MODEL

The company is 100% SABIC owned, with other investors involved through separate vehicles; separate company, with autonomy to make investment decisions within mandate and guidelines.

ESTIDAMAH IS A SPECIALIZED CENTRE FOR RESEARCH AND DEVELOPMENT TO CONDUCT INNOVATIVE APPLIED RESEARCH IN THE FIELD OF SUSTAINABLE AGRICULTURE

OBJECTIVES

  • Applying innovative agri-tech.

  • Improving agricultural sustainability.

  • Promoting effectiveness of research through partnerships.

  • Enhancing communication and training.

FIVE AXES

  • Estidamah

  • Global and Local Partnerships

  • Knowledge Transfer

  • Enabling Technologies

  • Excellence and Innovation

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