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The Middle East scene is shifting in ways we have not seen before. Qiddiya Investment Company (QIC) sits right in the middle of all this. It is fully owned by the Public Investment Fund. QIC drives the whole thing for Qiddiya City. That is the first city ever built just for fun and play. They position it as Saudi Arabia’s main spot for entertainment, sports, and arts down the line. This opens up huge chances for businesses from around the world and right
there in the country.
If your company wants to grab those multi-billion dollar deals and key partnerships inside the Kingdom, you really need to get how QIC works. That means knowing their goals and how they handle buying and contracts
QIC’s Vision: Power of Play and Vision 2030
QIC’s big picture ties into the Power of Play and the Vision 2030 plan. Qiddiya City sits about forty minutes outside Riyadh. It goes beyond just a place to relax. It forms a key part of Saudi Vision 2030‘s Quality of Life efforts. QIC’s main goals mix money matters with social ones:
- Economic Side: They aim to boost non-oil growth a lot. They want to keep spending on fun, sports, and culture from leaving the country.
- Job Creation: The plan creates thousands of spots, both direct and indirect. This helps the young Saudi crowd that is growing fast.
- Socially: It brings top-notch ways to play and relax. These improve life for people living there. It all follows that Power of Play idea.
The whole setup rests on five main areas. Each one offers big chances for putting in money and building things:
- Parks and Attractions: Includes big names like Six Flags Qiddiya. That has the Falcon’s Flight rollercoaster, which broke records. There is also the huge Aquarabia water park.
- Sports and Wellness: Cover world-level spots. Think the Prince Mohammed bin Salman Stadium for multiple uses. Plus, championship golf setups.
- Motion and Mobility: Bring high-end motor sports. That means F1 tracks and special tech areas.
- Arts and Culture: Involve centers for that stuff. Performing arts spots and places for creative work fit in too.
- Nature and Environment: Link the city to the Tuwaiq mountains. Adventure tourism, eco-lodges, and hiking paths make it happen.
QIC Procurement Pipeline: How to Get Involved
When it comes to QIC’s buying process, they call it the procurement pipeline. That is how you get involved. To build a city over three hundred sixty square kilometers, QIC pulls in experts from everywhere. Vendors and suppliers form a big web too. Their process is tough, all digital, and super competitive. It makes sure only the best partners join up. Here are the main steps to register as a QIC vendor:
- Mandatory Digital Portal: You start with their digital portal. QIC uses the SAP Ariba setup, just like other PIF groups. That handles all sign-ups, checks, and bids.
- Initial Qualification: Companies fill out a form on their own. It covers legal standing,
money strength, and what services they offer. - Documentation Compliance: You need a lot of papers. Valid Commercial Registration, Zakat and VAT certificates, GOSI stuff. Plus, meeting quality standards like ISO and local content rules.
Expert KSA Business Setup for Seamless QIC Vendor Registration
To achieve successful QIC vendor registration, companies must show expertise and certifications in this high priority, forward looking areas. Handling the buying side of a massive project like Qiddiya takes real know-how. You need to grasp KSA rules, PIF ways, and QIC’s project setups. J K Management Consultancies sets up to guide your firm. They help you get in and do well in this space.
