The fourth edition of the Public Investment Fund and Private Sector Forum kicked off today at the King Abdulaziz International Convention Center in Riyadh, amid a wide attendance of Their Excellencies, officials, public and private sector leaders, as well as local and international investors, in an event that reflects the growing momentum of the economic transformation process in the Kingdom.
The fourth edition of the Public Investment Fund and Private Sector Forum kicked off today.
Rumayyan: The Forum is a major platform to transform ambition into opportunities
H.E. Mr. Yasser bin Othman Al-Rumayyan, Governor of the Public Investment Fund, opened the Forum, stressing that this edition comes at a pivotal stage of the Saudi economy, where the Kingdom is witnessing an accelerated maturation of sectors and value chains, and a rise in ambitions from the logic of returns to the horizons of innovation and sustainable value creation.
Rumayyan opened the Forum's proceedings, stressing that the convening of this edition comes at a pivotal stage in the march of the Saudi economy.
He explained that the forum has become the largest platform of its kind for partnerships between the Fund and the private sector, noting that the number of participants since 2023 has exceeded 25,000 participants, while the previous edition succeeded in concluding more than 140 agreements worth more than 15 billion riyals, reflecting the strength of the partnership in driving the Saudi economy to be one of the fastest growing globally. He stressed the Fund's commitment to empowering the private sector as a pivotal partner in driving economic transformation, through a methodology that begins with taking risks in building strategic sectors and ends with deepening local content, localizing supply chains and developing national capacities.
Figures reflecting impact
Al Falih: The private sector is the engine of the economy He explained that the National Investment Strategy contributed to achieving half of its target in a short period of time.
Tourism: Record Leaps Tourism.
Transportation and Logistics: Opportunities are expanding
The Minister of Transportation and Logistics Engineer Saleh Al-Jasser emphasized that the system represents a promising economic sector, pointing to investments exceeding 250 billion riyals since the launch of the national strategy, with 70 partnership opportunities with the private sector, of which 16 are currently available. The Minister of Transportation and Logistics Engineer Saleh Al-Jasser stressed that the system represents a promising economic sector.
Industry and Mining: Localization and Technology
Municipalities and Housing: Hundreds of billions in opportunities Municipalities and Housing
His Excellency the Minister of Municipalities and Housing Mr. Majid Al-Hogail stressed that investment opportunities in the non-developmental municipal sector may exceed SAR 130 billion until 2030, while opportunities in the housing sector exceed SAR 250 billion, with wide participation of the private sector through the "ForUs" platform.
Qualitative agreements The first day witnessed the signing of notable agreements.
A platform for the future The first day of the forum reflected the magnitude of the momentum it achieved, with more than 10,000 participants, the participation of more than 120 portfolio companies.
Rumayyan pointed out that the Fund and its portfolio companies" spending on local content reached 591 billion riyals during the period 2020-2024, while the contractor financing program contributed to the implementation of projects exceeding 10 billion riyals, and raising the participation rate of local contractors to 67% in 2025.
The Fund's platform also provided the private sector with more than 190 investment opportunities worth more than 40 billion riyals.
For his part, H.E. Khalid bin Abdulaziz Al-Falih, Minister of Investment, emphasized that the private sector is the main engine of the national economy, pointing out that the restructuring of the Public Investment Fund was a fundamental turning point in the diversification of the economy.
He explained that the National Investment Strategy contributed to achieving more than half of its target in a short period, with investments reaching about 6.Investment in the non-oil economy exceeded 40%, a historic level.
About 95% of the investments came through the private sector, against a catalytic role for the Fund without competition, with the number of foreign companies doubling and more than 700 companies taking the Kingdom as a regional headquarters.
His Excellency the Minister of Tourism, Mr. Ahmed bin Aqeel Al-Khatib, stressed that the tourism sector recorded record numbers during 2025, increasing its contribution to GDP from 3.5% to 5%, with a target of 10% during the next phase, and the number of jobs exceeding one million jobs.
He explained that the expected tourism investments between 2020 and 2030 are estimated at about 450 billion riyals in partnership between the Fund and the private sector, with the number of tourists expected to reach 150 million in the future.
H.E. Minister of Industry and Mineral Resources Mr. Bandar Al-Khorayef stressed the role of the Fund in building advanced industries and localizing supply chains, while accelerating the adoption of Fourth Industrial Revolution technologies and artificial intelligence to enhance competitiveness.
The first day witnessed the signing of prominent agreements, including: A joint venture between ROSHN and Agility to develop a 1.5 million square meter global logistics complex. SIR signed 16 new commercial agreements worth 3.7 billion riyals, as part of its strategy to localize the electric vehicle industry, which is expected to contribute more than 30 billion riyals to the local economy by 2034.
The first day of the forum reflected the size of the momentum it achieved, with more than 10,000 participants, the participation of more than 120 companies from the Fund's portfolio companies, and the organization of 100 dialogue sessions, confirming its position as a pivotal platform to link supply and demand, strengthen partnerships, and accelerate the growth of the Saudi economy, in line with the objectives of the Kingdom's Vision 2030.
