Dussur Company Profile

Background

Overview

Dussur, officially known as the Saudi Arabian Industrial Investments Company, is a state-owned enterprise established in 2014. It is owned by the Saudi Public Investment Fund (PIF), Saudi Aramco, and SABIC. Dussur's primary mission is to develop strategic industrial investments that contribute to the diversification and growth of Saudi Arabia's economy. The company's vision aligns with Saudi Vision 2030, aiming to establish an advanced industrial sector capable of competing globally and transforming national resources into sustainable wealth.

Mission and Vision

Mission: To maximize the developmental impact on the Saudi economy by investing in strategic and sustainable downstream industrial projects with world-class technical partners, unlocking the Kingdom’s industrial value chains, and creating more value from the Kingdom’s resources.

Vision: To be a key contributor in realizing the industrial objectives set out by the Kingdom’s Vision 2030.

Primary Area of Focus

Dussur focuses on developing and investing in industrial sectors such as automotive, downstream chemicals, and industrial metals. The company aims to localize these vital industries to support the national economy and reduce reliance on the oil sector.

Industry Significance

As a catalyst for industrial development, Dussur plays a pivotal role in transforming Saudi Arabia's industrial landscape. By fostering joint ventures and partnerships with global industry leaders, Dussur contributes to economic diversification, job creation, and the enhancement of the Kingdom's industrial capabilities.

Key Strategic Focus

Core Objectives

Industrial Diversification: Investing in and developing sustainable industrial projects to diversify the Saudi economy.

Localization of Industries: Establishing local manufacturing capabilities to reduce dependence on imports and strengthen domestic industries.

Economic Value Creation: Generating economic value through strategic investments that contribute to the national GDP.

Specific Areas of Specialization

Automotive Manufacturing: Developing local automotive manufacturing facilities to meet domestic demand and support the automotive ecosystem.

Downstream Chemicals: Investing in chemical manufacturing to add value to the Kingdom's natural resources.

Industrial Metals: Establishing production facilities for industrial metals to support various sectors, including construction and manufacturing.

Key Technologies Utilized

Dussur leverages advanced manufacturing technologies, including additive manufacturing (3D printing), to enhance production capabilities and support innovation in various industrial sectors.

Primary Markets Targeted

The company's investments primarily target the Saudi Arabian market, with plans to expand to regional markets in the Middle East and North Africa (MENA) region. Dussur's strategic location and partnerships position it to serve both domestic and international markets effectively.

Financials and Funding

Funding History

Dussur is a state-owned enterprise funded by its shareholders: the Saudi Public Investment Fund (PIF), Saudi Aramco, and SABIC. The company has engaged in significant investments and joint ventures to support its strategic objectives.

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly disclosed. However, Dussur has been actively involved in substantial investments and partnerships to advance its mission.

Notable Investors

Saudi Public Investment Fund (PIF): A sovereign wealth fund of Saudi Arabia.

Saudi Aramco: The state-owned oil giant and one of the world's largest integrated energy and chemicals companies.

SABIC: A global diversified chemicals company.

Intended Utilization of Capital

The capital is utilized to establish and develop industrial projects, form joint ventures, and invest in technologies that align with Saudi Arabia's Vision 2030 objectives. These investments aim to diversify the economy, create jobs, and enhance the Kingdom's industrial capabilities.

Pipeline Development

Key Pipeline Candidates

Marine Engine Manufacturing Facility: A joint venture with Hyundai Heavy Industries to establish the first marine engine manufacturing facility in the MENA region.

Seamless Stainless Steel Pipe Plant: A joint venture with SeAH Changwon Integrated Specialty Steel Co. Ltd to establish the first local seamless stainless steel pipe production plant in Saudi Arabia.

Additive Manufacturing Center: A joint venture with 3D Systems to establish the National Additive Manufacturing & Innovation Company (NAMI) in Saudi Arabia.

Stages of Development

Marine Engine Manufacturing Facility: The facility is expected to commence commercial operations in the first quarter of 2025.

Seamless Stainless Steel Pipe Plant: The project is under development, with plans for construction and operation in the near future.

Additive Manufacturing Center: The center is operational, providing on-demand printing and application engineering solutions for key industries.

Target Conditions

These projects aim to meet the growing demand for industrial products in Saudi Arabia and the MENA region, support the localization of industries, and contribute to economic diversification.

Relevant Timelines

Marine Engine Manufacturing Facility: Operational by Q1 2025.

Seamless Stainless Steel Pipe Plant: Operational in the near future.

Additive Manufacturing Center: Currently operational.

Technological Platform and Innovation

Proprietary Technologies

Dussur invests in advanced manufacturing technologies, including additive manufacturing (3D printing), to enhance production capabilities and support innovation in various industrial sectors.

Significant Scientific Methods

Additive Manufacturing: Utilized to produce high-quality parts from various materials, supporting industries such as energy, aerospace, defense, and healthcare.

Leadership Team

Key Executives

Mr. Mansour AlQarawi: Appointed as Chief Executive Officer in August 2025. Prior to joining Dussur, Mr. AlQarawi served at the Public Investment Fund (PIF), leading major investments across water, power, petrochemicals, and industrial sectors.

Mr. Markus Solibieda: Appointed as Chief Investment Officer in November 2023. Before joining Dussur, Mr. Solibieda was the Managing Director of BASF Venture Capital GmbH and has over 28 years of experience in investment entities.

Leadership Changes

Mr. Mansour AlQarawi: Appointed as CEO in August 2025, succeeding Dr. Raed Al-Rayes.

Mr. Markus Solibieda: Appointed as CIO in November 2023.

Competitor Profile

Market Insights and Dynamics

The industrial investment sector in Saudi Arabia is characterized by significant government support, aiming to diversify the economy and reduce reliance on oil. Key trends include increased foreign direct investment, development of local manufacturing capabilities, and a focus on technological innovation.

Competitor Analysis

Dussur operates in a competitive landscape with other state-owned and private entities investing in industrial development. Key competitors include the Public Investment Fund (PIF), which also invests in industrial projects, and private equity firms focusing on the MENA region.

Strategic Collaborations and Partnerships

Significant Collaborations

Hyundai Heavy Industries: Joint venture to establish a marine engine manufacturing facility in the MENA region.

SeAH Changwon Integrated Specialty Steel Co. Ltd: Joint venture to establish a seamless stainless steel pipe production plant in Saudi Arabia.

3D Systems: Joint venture to establish the National Additive Manufacturing & Innovation Company (NAMI) in Saudi Arabia.

Baker Hughes: Joint venture to provide oilfield and industrial chemicals in Saudi Arabia.

Operational Insights

Dussur's strategic collaborations enhance its market position by leveraging global expertise, fostering innovation, and contributing to the localization of industries in Saudi Arabia.