About Us

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.

Our Story

About What We Do & How We Got Here

The Saudi economy has experienced an annual average growth rate of 4% over the past 7 years, supported by a pro-business environment that quickly moves the investors to the heart of the Arabic market. The Kingdom’s commitment to diversifying its economy and expanding the private sector, improving the competitiveness and building a vibrant society, is under the Saudi Vision 2030 which represents the country’s roadmap to a prosperous future. The Kingdom is becoming one of the most attractive destinations for international investors by providing Integrated infrastructure, young and skilled workforce, leading financial sectors and game-changing opportunities. Saudi Arabia is fully committed to develop the Kingdom’s investment environment with tremendous efforts in advancing the business ecosystem and new measures aimed at making it easier to do business.
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.

Vision& Mission



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.

Some Of

Our Alliances

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.

Seabourn provides the full suite of investment banking services with an emphasis on the agribusiness, industrial, metals and minerals and related sectors.
EV Metals Group plc is a clean energy metals company based in Perth, Western Australia. EV Metals are focused on the evaluation and development of the EV Metals Project.
BOLONG Holding Group is a privately-owned, international company headquartered in Dalian, China, with leading businesses in energy storage, natural resources, advanced materials & chemicals, and capital investment.


Meet Our Team


Abdullah Busfar

Abdullah Busfar

Co-Founder - Chairman

Abdullah has a bachelor in electrical engineering from Colorado, USA. He has over 37 years of experience in leadership positions in development and management of mega projects, engineering, marketing, industrial operations, corporate business and executive management. Abdullah served as board member of Olayan CH2M company, VP of Maaden, Chairman of Maaden Aluminum, Chairman of Vinyl Chloride (Maaden JV), Board member of the gulf aluminum council (GAC) in Dubai, Director in the board of International Aluminum Institute (IAI) in London, member of the Chamber of commerce strategic committee in Dammam.

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

Mohammad S Bajba

Founder & Managing Director

Mohammad has a B.E in Applied Electrical Engineering and carries an MBA in business management. Mohammad is a passionate visionary business leader with over 34 years of experience in development and implementation of mega projects.
Mohammad currently holds several board position such as the Chairman of Green Power Saudi, Board member in DMG holding group, Board member in ASTGULF.