His Excellency Mr. Yasser bin Othman Al-Rumayyan, Governor of the Public Investment Fund, today opened the fourth edition of Public Investment Fund and Private Sector Forum, which is being held from February 9 – 10 February 2026 at the King Abdulaziz International Conference Center in Riyadh, in the presence of a number of Their Excellencies, officials from the public and private sectors, and local and international investors.
His Excellency the Governor of Public Investment Funddelivered a speech during the opening ceremony in which he explained that this forum comes at a pivotal stage in the Kingdom’s economic journey, as it witnesses higher standards of competitiveness and the rapid maturation of sectors and supporting value chains, and a rise in ambition to new heights where opportunities are measured not only by returns but also by innovation and determination.
His Excellency explained that the forum has become the largest platform of its kind for seizing partnership and cooperation opportunities with the private sector, noting that the number of participants from 2023 to the present has reached approximately 25,000, including leaders from the public and private sectors and investors from the Kingdom and around the world.
Turning Discussions into Tangible Opportunities
His Excellency noted that the previous edition of the forum succeeded in transforming discussions into tangible opportunities for the private sector through high-quality programs and initiatives that contributed to supporting the growth of the business environment, with more than 140 agreements signed worth over 15 billion riyals—a tangible demonstration of the strength of the partnership driving the transformation of the Saudi economy into one of the world’s fastest-growing economies.
His Excellency reaffirmed the Public Investment Fund’s commitment to empowering the private sector to help lead the Kingdom’s economic transformation as a key partner for growth and a creator of opportunities, noting that the Fund is working with the private sector to deepen its impact and build an integrated economic ecosystem that drives sustainable growth, through an approach aligned with the investment cycle—beginning with risk-taking in the development of strategic sectors, and establishing pioneering partnerships and supporting initiatives; thereby helping to stimulate spending on local content, localize supply chains, and develop local capabilities, industries, and infrastructure.
Mr. Al-Ramayan said: “We see this impact in the programs and initiatives launched by the Fund to strengthen its partnership with the private sector. The Local Content Development Program has helped drive growth in the Fund’s and its portfolio companies” spending on local content over the past few years, reaching 591 billion riyals from 2020 to 2024. The Contractor Financing Program has enabled the implementation of Fund projects worth over 10 billion riyals through innovative financing solutions; which has raised the percentage of local contractors participating in the Fund’s projects to 67% in 2025."
190 investment opportunities worth more than 40 billion riyals
He noted that the Fund’s private sector platform has provided more than 190 investment opportunities worth over 40 billion riyals through its international partnerships and the localization of supply chains, adding that the impact was not limited to financing, but extended to enhancing companies" readiness, building national capabilities, and providing quality job opportunities, within a system that adheres to the highest standards of efficiency, transparency, and governance. He emphasized that this impact is evident in the growing interest in investing in the Kingdom.
He noted that since 2017, the Public Investment Fund has opened new horizons through long-term investment in strategic sectors, pointing out that the Fund has now moved forward in accordance with its strategies for the next five years, in line with the objectives of Phase Three of the Kingdom’s Vision 2030—from building sectors to integrating ecosystems, and from creating opportunities to accelerating growth—as part of an open call to the private sector to invest and partner in building a diversified and resilient economy.
His Excellency emphasized that the Fund continues to empower ecosystems and lay the groundwork for growth, noting that the coming phase requires the private sector to demonstrate a higher level of readiness, ambition, scalability, and innovation; so that the private sector’s role shifts from implementation to contributing to economic development and value creation, amid accelerating economic transformations driven by the private sector’s readiness and capacity to invest in innovation.
Rewriting the Rules of Competition
He noted that the next five years will rewrite the rules of competition through profound transformations in business models, artificial intelligence, capital markets, content localization, and supply chains, noting that the opportunity before the private sector in the Kingdom today is the greatest it has ever had to help lead economic growth, shape the future, and achieve sustainable returns.
The Public Investment Fund and Private Sector Forum serves as an effective platform that brings together supply and demand by connecting the Public Investment Fund’s portfolio companies with government agencies, investors, and private-sector companies, thereby opening up broad prospects for forging new partnerships and shaping the next wave of projects that empower the private sector and strengthen its role in the national economy. It also provides a practical framework for exploring promising opportunities that support business growth and contribute to advancing the future of the Saudi economy, in line with the objectives of Saudi Vision 2030. This is achieved by showcasing partnership opportunities with the PIF and its portfolio companies, strengthening communication channels and building relationships, and providing direct access to register as a supplier with portfolio companies, as well as introducing PIF programs specifically designed to empower the private sector.
The Private Sector Forum reflects the momentum it has achieved since its launch, having attracted more than 10,000 participants from the private sector, along with more than 100 expected memorandums of understanding, the participation of 18 government agencies, and more than 120 companies in the Public Investment Fund’s portfolio, in addition to 6 specialized platforms, The forum also featured more than 100 panel discussions and over 200 speakers, reaffirming its status as a comprehensive platform for fostering partnerships, exchanging expertise, and supporting integration between the public and private sectors.
