PIF Private Sector Forum sees MoUs worth SAR 60B

Logo of the Public Investment Fund (PIF)

The PIF Private Sector Forum concluded its fourth edition today with the signing of more than 135 memoranda of understanding, with a total value of SAR 60 billion.

The forum, held over two days from Feb. 9-10 in Riyadh, brought together around 200 speakers and more than 13,000 representatives and officials from the private and public sectors in Saudi Arabia and around the world, spanning various industries. The event also saw the participation of more than 100 companies from PIF’s portfolio.

Over the past five years, PIF has played a key role in enabling and unlocking the potential of priority strategic sectors in the Kingdom. It has invested approximately SAR 750 billion domestically in new projects between 2021 and 2025.

In addition, PIF contributed cumulatively SAR 910 billion to Saudi Arabia’s real non-oil GDP between 2021 and 2024, bringing its contribution to nearly 10% of the Kingdom’s non-oil GDP in 2024.