Since Saudi Arabia became a member of IFC in 1962, IFC has committed to investing about $133 million in the country's finance sector, as of end fiscal year 2007. IFC is also providing advisory services in financial markets, public-private partnership and privatization, and small and medium enterprise development.
IFC's strategy in Saudi Arabia is to:
- Invest in selective transactions that can add value to institution building
- Develop new financial instruments and support small and medium enterprises
- Invest in financial markets, including housing finance, insurance, and leasing
- Engage actively with Saudi companies to promote investments inside and outside of the region (South - South investments)
- Provide advisory services, with focus on public-private partnership and privatization, SME development, housing finance, and corporate governance
