Saudi Arabia’s Public Investment Fund (PIF) held its second PIF Private Sector Forum on Tuesday along with its accompanying exhibition in Riyadh, to foster partnerships between PIF and its portfolio companies, and the private sector, according to a press release from the PIF.
The forum aligns with PIF's strategy to increase local content through its portfolio companies to 60% by the end of 2025.
The event will bring together an array of prominent figures, including ministers, PIF executives, CEOs, thought leaders, and representatives from over 80 PIF portfolio companies. With over 100 booths showcasing portfolio companies and government entities, the event features participation from more than 8,000 private sector professionals across strategic sectors.
The PIF Private Sector Forum 2024 will complement PIF and its portfolio companies' efforts to empower the local private sector, enhancing its competitiveness and capacity for innovation.
The event will see the launch of new programs and initiatives that aim to diversify the local economy, enhance the capabilities of strategic sectors, boost competitiveness, increase local content and create job opportunities.
It will highlight the significance of private sector empowerment in driving the local economy and achieving the goals of Vision 2030.
This year's forum will include sessions and workshops addressing strategic topics related to Vision 2030's objectives of empowering and enhancing the private sector and PIF's role in driving this initiative.
The discussions will cover financing solutions for vendors, opportunities in emerging local sectors, and the impact of private sector investment on value and supply chain development.
The forum will also explore opportunities for collaboration and partnership involving PIF, its portfolio companies and the private sector, providing a significant platform for private sector networking.
The forum will encourage collaboration and partnerships between PIF, its portfolio companies, and the private sector. It will also serve as a platform for private sector networking.
