Saudi PIF introduces new local business opportunities at PIF Private Sector Forum 2024

The Public Investment Fund of Saudi Arabia (PIF) organized the second PIF Private Sector Forum and an accompanying exhibition in Riyad on Tuesday to foster partnerships between PIF and its portfolio companies and the private sector, according to a PIF press release.

The forum is part of PIF’s strategy to increase the share of local content through portfolio companies to 60% by the end of 2025.

The event will bring together a number of distinguished personalities, including ministers, PIF directors, CEOs, thought leaders and representatives of over 80 PIF portfolio companies. The event, with over 100 stands presenting portfolio companies and government entities, is attended by over 8,000 private sector specialists from strategic sectors.

The PIF 2024 Private Sector Forum will complement the efforts of PIF and its portfolio companies to strengthen the position of the local private sector, increase its competitiveness and capacity to innovate.

The event will launch new programs and initiatives aimed at diversifying the local economy, increasing the potential of strategic sectors, increasing competitiveness, increasing local content and creating employment opportunities.

It will highlight the importance of empowering the private sector to drive the local economy and achieve the goals of Vision 2030.

This year’s forum will include sessions and workshops on strategic topics related to the goals of Vision 2030 to empower and strengthen the private sector and the role of PIF in leading this initiative.

Discussions will include financing solutions for suppliers, 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 partnerships involving PIF, its portfolio companies and the private sector, creating a significant platform for networking in the private sector.

The forum will encourage collaboration and partnership between PIF, its portfolio companies and the private sector. It will also serve as a platform for private sector networking.