Riyadh, February 06, 2024, The Public Investment Fund (PIF) hosted its second PIF Private Sector Forum, alongside an accompanying exhibition, from February 6 to 7 in Riyadh. During this event, Governor of the PIF, Yasir Othman Al-Rumayyan, emphasized the forum's objective of fostering collaboration and partnerships between the PIF, its portfolio companies, and the private sector.
Al-Rumayyan highlighted the pivotal role of the private sector in realizing the goals outlined in Vision 2030, particularly aiming to increase its contribution to the GDP to 65% by 2030. He underscored the private sector's significance as an investor in PIF projects and portfolio companies, noting that direct investments from the private sector totaled over SAR 96 billion from the beginning of 2021 until the end of the third quarter of 2023.
Furthermore, Al-Rumayyan emphasized the positive outcomes of PIF programs and initiatives launched during the previous forum, which strengthened partnerships with the private sector. Notably, over 200 opportunities valued at more than SAR 20 billion were presented, resulting in over 100 Saudi companies qualifying to collaborate with PIF entities. These initiatives underscore PIF's commitment to driving economic growth and fostering a vibrant and dynamic private sector in Saudi Arabia.
