The Public Investment Fund Forum and the private sector aimed to strengthen cooperation with the private sector, empower it, and review the opportunities and partnerships offered by the Fund through its various projects, programs and companies.
Public Investment Fund Forum
PIF Forum.
The two-day forum reviewed opportunities for cooperation and partnerships in various business sectors locally.
The Forum witnessed the launch of several programs and agreements designed for the private sector to facilitate communication between the Fund and its companies with the private sector and activate partnership areas effectively and sustainably, including a new platform to share detailed information about available opportunities for investors and suppliers. Programs and agreements
Local Content
The Forum launched a number of initiatives aimed at supporting and empowering the private sector and contributing to stimulating the growth of local content through the local content development program "Musasa".
Job Opportunities
These initiatives are in line with the Fund's objectives of increasing local content to 60% by 2025, supporting the private sector in increasing its contribution to GDP to 65% by 2030, creating jobs, localizing technology, and transferring knowledge to the Kingdom.
MoUs
The Fund signed 4 MoUs with a number of entities to enhance joint cooperation through several initiatives aimed at empowering the local private sector in a number of strategic sectors in the Kingdom.
Supply Chains
The Public Investment Fund aims, through the signing of the memorandums, to contribute to supporting and enabling the growth of the local private sector, increasing opportunities for its participation, developing its knowledge and innovation capabilities, and promoting the localization of local supply chains in strategic sectors.
local supply chains<span style="font-weight: #800000;
== - 60% increase in local content by 2025 - 65% contribution to GDP in 2030 - 4 MoUs to enhance cooperation
