RIWAQ Industrial Development Company “RIWAQ” was established in 2016 combining highly qualified expertise in the industrial and mining sectors. RIWAQ was established with a clear strategic vision to be part of the Saudi Industrial Revolution by focusing on renewable energy and high added value product by capitalizing on wealthy resources. RIWAQ has been building relationships with several International entities and investors to establish strategic technical partnership in order to localize top technologies within the Kingdom of Saudi Arabia.
About What We Do & How We Got Here
RIWAQ was established to compliment the kingdom’s vision and strategy by capitalizing on the tremendous government support to enhance and expedite the development of many projects. RIWAQ positions itself as a promoter for the kingdom Industrial revolution and vision 2030 by attracting International technical entities and investors to develop and invest within the Kingdom of Saudi Arabia.
RIWAQ vision is to be a leading Industrial Development Hub in KSA by focusing on the Kingdoms approach in Renewable Energy, Mining and high added value Chemicals to promote the use of clean renewable energy and environment friendly solutions.
RIWAQ has a mission to strategically invest and develop local and international mineral resources, renewable energy industries, high value chemicals projects with the top technical and strategic partners in a specific required field.
To be extremely selective in terms of projects and partnerships as we consider several factors which must satisfy and fulfill the Kingdom and company strategic approach to minimize the reliance on oil and gas.
To focus on added value projects such as increase in local content and local job creations, while being in line with the Kingdom’s 2030 Vision.
NUSANED in Arabic means support. NUSANED was established as a subsidiary company for SABIC to support investors in available opportunities and to drive investments and create local demand.
The SCHMID Group is your daily companion: for instance, through smartphones, solar modules or modern energy storages. SCHMID conducts basic research and brings the technologies into mass production. Thus, the company founded in 1864 provides technical progress.
Meet Our Team
Co-Founder - Chairman
He is currently involved globally in developing industrial projects besides advisory role to corporate organization. He is the Chairman of THARAWAT Development Company, Chairman of ENTAJ Industrial development company, Chairman of ASTGULF, Chairman of DMG holding group, board member in KAKANDA Guinea Bauxite mine company, board member of Kubota KSA operation, board member of Rajhi investment holding company and Rajhi steel company and a member of their compensation committees.
Mohammad S Bajba
Founder & Managing Director
Mohammad currently holds several board position such as the Chairman of Green Power Saudi, Board member in DMG holding group, Board member in ASTGULF.