https://arab.news/rzfr2
JEDDAH: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, is set to host the third edition of its highly anticipated Private Sector Forum, a crucial platform for fostering corporate sector engagement with the Kingdom’s economic transformation.
The two-day event, scheduled for Feb. 12-13 at the King Abdul Aziz International Conference Center, will offer a series of specialized workshops led by experts from PIF and its portfolio companies.
These workshops aim to provide the private sector with valuable insights into localization investments and supply chain opportunities, while also highlighting the expected demand for key products and services. The goal is to equip businesses with the information needed to make informed investment decisions.
PIF noted that the forum will play a central role in advancing Saudi Arabia’s Vision 2030, which underscores the importance of partnerships between the public, private, and nonprofit sectors, as well as with international collaborators, in driving the Kingdom’s long-term aspirations.
As part of its efforts to build a more diversified and resilient economy, Saudi Arabia is focusing on increasing local production, supporting innovation, and creating a business-friendly environment that encourages both domestic and foreign investment.
A series of economic reforms have been implemented to improve the quality, efficiency, and digitalization of services, all aimed at supporting the private sector.
In addition, various programs, initiatives, funds, incubators, and accelerators have been launched to help the private sector overcome challenges, positioning it as the primary engine of the Kingdom’s economic growth.
During the forum, PIF will announce several key initiatives and programs that reflect the fund’s commitment to deepening its collaboration with the private sector.
These announcements will include major partnerships with PIF portfolio companies, showcasing the tangible progress of the Kingdom’s efforts to drive economic development through corporate collaboration.
The forum will also serve as a platform for thought leaders from key government agencies, PIF, and its portfolio companies to discuss the critical role of the private sector in Saudi Arabia's ongoing development. Success stories of corporate collaborations with PIF will be shared, highlighting new opportunities for the private sector in emerging industries and megaprojects.
Representatives from more than 90 PIF portfolio companies will have dedicated booths at the event, where they will present new projects and partnership opportunities for private sector stakeholders.
On its official website, PIF highlights numerous success stories of its strategic partnerships with both local and global companies, spanning sectors from manufacturing and energy to sustainable development.