PIF Private Sector Forum continues to increase Saudi private sector’s role in PIF contracts

PIF Private Sector Forum continues to increase Saudi private sector’s role in PIF contracts

- Five companies were recognized for their positive contribution to local content in their work with PIF portfolio companies

- Over 200 opportunities worth $5.3 billion were provided through PIF’s Private Sector Hub in 2023

RIYADH: The 2024 PIF Private Sector Forum began on Tuesday at the King Abdulaziz International Convention Center in Riyadh, organized by the Public Investment Fund (PIF) to run through February 6-7, 2024, with the aim to strengthen partnership and showcase opportunities for local cooperation in strategic sectors.

The event – which is the biggest of its kind in the country, and will be attended by over 8,000 participants, saw first day sessions attended by government ministers, senior PIF officials, and participants from the private sector and 80 companies affiliated with PIF; with more than 100 booths for PIF portfolio companies and government bodies.

During his opening speech, His Excellency the Governor of PIF, Yasser Al-Rumayyan, stressed the importance of the forum and the opportunities it provides to enhance cooperation with the private sector in achieving the strategic objectives of PIF. He added that PIF continues to work as an engine for economic transformation in Saudi Arabia through the development of strategic sectors, and the involvement of the private sector