The Saudi Technology Development and Investment Company (TAQNIA) was established in June 2011 by Royal Decree to localize technology in Saudi Arabia and commercialize outputs of R&D centers. TAQNIA invests in technology that contributes towards Saudi Arabia's economic diversification. TAQNIA is proud to be fully aligned with Saudi Vision 2030. TAQNIA is owned by the Public Investment Fund (PIF) which drives strategic and sustainable diversification enabling growth in different industries in Saudi Arabia. TAQNIA's Vision: To drive accelerated diversification of the Kingdom's economy through knowledge-based industries, thereby creating value-adding jobs as well as to help create an innovative ecosystem in Saudi Arabia. TAQNIA's Mission: TAQNIA will achieve its vision by investing in local and international technologies while engaging actively in the development and growth of those technologies to prosper into economically sustainable enterprises.