Riyadh, February 12, 2025 – The Public Investment Fund (PIF) has launched its third annual Private Sector Forum at the King Abdulaziz International Conference Center in Riyadh. Running from February 12-13, 2025, this landmark event is Saudi Arabia’s largest platform dedicated to fostering partnerships, creating opportunities, and empowering the private sector to drive economic growth.
Aligned with the vision of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and PIF Chairman, the forum aims to strengthen collaboration between local and international investors. It also supports Vision 2030 goals, including increasing the private sector’s contribution to Saudi Arabia’s GDP to 65%. With over 10,000 attendees from local, regional, and global businesses, the event underscores PIF’s commitment to diversifying the economy and building tech-enabled local supply chains.
Under the theme “Joint Aspiration for a Thriving Economy,” the forum brings together government ministers, PIF executives, private sector leaders, and representatives from strategic industries. Attendees can explore 100+ exhibition booths showcasing PIF’s portfolio companies and their innovative projects.
Jerry Todd, Head of the National Development Division at PIF, emphasized the forum’s significance:
“The Private Sector Forum is a vital platform for deepening collaboration between PIF, its portfolio companies, and local businesses. This third edition reflects our ongoing efforts to enable the private sector, boost its contribution to the economy, and develop a diversified, tech-driven ecosystem.”
Empowering the Private Sector
Over two days, participants will engage in panels, workshops, and networking sessions focused on enhancing the private sector’s role in Saudi Arabia’s economic transformation. A key goal is to increase private sector involvement in PIF projects and portfolio companies to 60%.
The forum will also spotlight PIF’s flagship initiatives, including:
- MUSAHAMA Program: Launched at the first Private Sector Forum, this local content development initiative has driven a 122% increase in local content value, from SAR 69 billion in 2020 to SAR 153 billion in 2023.
- Accelerated Manufacturing Program: Designed to support industrial startups, the program has already facilitated 12 commercial agreements and 2 product development deals with PIF portfolio companies.
- Private Sector Hub: With over 2,000 registered investors and 200+ opportunities worth SAR 40 billion, this digital platform connects private firms with PIF and its portfolio companies.
- Contractor Financing Program: The first of its kind in Saudi Arabia and the region, this program provides tailored financing solutions for contractors working with PIF companies.
Celebrating Innovation and Local Talent
This year’s forum will announce the winners of the MUSAHAMA Design Competition, a collaboration with ROSHN to empower Saudi designers and promote the use of local materials in real estate development. The competition attracted 373 participants from 24 universities and 160+ design firms, showcasing the Kingdom’s growing talent pool.
Why This Matters
The Private Sector Forum 2025 is more than an event—it’s a catalyst for economic transformation. By fostering collaboration, innovation, and investment, PIF is paving the way for a thriving, diversified economy that aligns with Vision 2030.
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