{"id":74432,"date":"2025-02-13T11:06:50","date_gmt":"2025-02-13T08:06:50","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=74432"},"modified":"2025-11-25T23:37:26","modified_gmt":"2025-11-25T23:37:26","slug":"%d8%ad%d8%b5%d8%a7%d8%af-%d8%a7%d9%84%d9%8a%d9%88%d9%85-%d8%a7%d9%84%d8%a3%d9%88%d9%84-%d9%85%d9%86-%d9%85%d9%86%d8%aa%d8%af%d9%89-%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ab","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/74432\/","title":{"rendered":"The first day of the Public Investment Fund and Private Sector Forum"},"content":{"rendered":"

The third edition of the\u201cPublic Investment Fund and Private Sector Forum<\/strong><\/a>\u201dThe forum, which is the largest platform of its kind in the Kingdom for the private sector, aims to promote partnerships and cooperation opportunities with the local private sector. The forum will be held at the King Abdulaziz International Convention Center in Riyadh on February 12-13, 2025.<\/p>\n

\"\"\"The<\/a><\/p>\n

And it is in line\u00a0Public Investment Fund Forum<\/strong><\/a>\u00a0With the directives of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister and Chairman of the Public Investment Fund, to engage local and international investors in the continued growth of the Kingdom's strategic sectors and increase the private sector's contribution to GDP to 65% in line with the Saudi Vision 2030. This year's forum will reach more than 10,000 participants.<\/p>\n

Held under the theme \u201cShared Ambition for a Prosperous Economy\u201d, the forum will be attended by a number of Their Excellencies, ministers, senior officials from IFAD and its portfolio companies, representatives of government entities, as well as leading private sector companies in various strategic sectors in the Kingdom, in addition to more than 100 booths from IFAD's portfolio companies.<\/p>\n

Jerry Todd, Head of National Development at PIF, said: \u201cThe Private Sector Forum is a platform for enhancing collaboration and partnership opportunities between PIF and its portfolio companies and the local private sector. Now in its third edition, the forum continues to grow in size, scope and ambition, reflecting PIF's efforts to engage, empower and maximize the contribution of the private sector to a more diversified economy with localized supply chains supported by advanced technology.\u201d.<\/p>\n

He will discuss\u00a0Public Investment Fund Forum<\/strong><\/a>\u00a0Over the course of two days, a number of topics will be discussed in a series of dialog sessions and workshops, which focus on exploring opportunities that contribute to empowering and enhancing the role of the private sector, in line with the Fund's strategy to increase its contribution and portfolio companies in local content to 60%.<\/p>\n

The forum will showcase the Public Investment Fund's initiatives and programs aimed at strengthening partnership with the private sector, including the Local Content Development Program (Musasa), which was launched by the Public Investment Fund in the first edition of the forum. The program aims to increase the contribution of the Fund and its portfolio companies to local content, and the program contributed to an increase in spending on local content from SAR 69 billion in 2020 to SAR 153 billion in 2023, an increase of 122%.<\/p>\n

In addition, the Industrial Business Accelerator program was launched in September last year with the aim of empowering emerging industrial companies. The program received 350 applications, of which 13 SMEs were selected. The program aims to develop competitive and innovative products and services for participating companies, and grow their businesses on a large scale, by providing training and mentoring sessions provided by experts in the field of industry, strategy, operational excellence, sales and sustainability, through activating communication channels with the Fund's portfolio companies, which contributed to signing 12 commercial agreements, in addition to two agreements aimed at developing the.
\nThe Fund also launched the Private Sector Platform, which is a gateway for private sector companies to build partnerships with the Fund and its portfolio companies in the Kingdom's strategic sectors, and more than 2,000 investors have registered on the platform since its launch in 2023. In addition to the \u201cContractor Finance\u201d program, the first of its kind in the Kingdom and the region, which aims to facilitate financing solutions between the Fund's companies and the private sector.
\nThis year's edition of the forum will see the announcement of the winners of the \u201cMasasa Design Competition\u201d in collaboration with Roshan Group to empower the talents of Saudi designers and promote the use of local materials in construction and real estate development projects. The contestants were divided between the \u201cEmerging Architects\u201d track, which included 373 Saudi participants (107 teams) from 24 universities, and the \u201cEmerging Design Firms\u201d track, which included more than 160 companies across the Kingdom.<\/p>\n

In his opening speech, Yasser Al-Rumayyan, Governor of the Public Investment Fund, confirmed that the total spending on local content through the Fund and its portfolio companies reached SAR 400 billion during the period 2020-2023, supported by the \u201cMusasa\u201d program, which contributed to raising the local content ratio from 47% to 53% during the same period, with plans to continue raising this ratio in the coming years.<\/p>\n

40 billion riyals in new investment opportunities<\/span><\/h4>\n

Al-Rumayyan pointed out that PIF's private sector platform offers investment opportunities worth up to SAR 40 billion, stressing that partnership with the private sector is a pivotal part of the Fund's strategy, which is in line with Saudi Vision 2030, which aims to build an integrated economic model in cooperation with the private sector and its pioneers.<\/p>\n

The Fund is a driving force for investment<\/span><\/h4>\n

Al-Rumayyan added that the Public Investment Fund continues its role as a driving force for investment, by launching new sectors and opportunities that support the Kingdom's economic transformation and contribute to shaping the future of the global economy.<\/p>\n

He emphasized the importance of strengthening partnerships with the private sector and developing capacities to increase competitiveness and keep pace with economic growth, calling on them to take advantage of the partnership opportunities available with IFAD and its companies.<\/p>\n

The PIF-Private Sector Forum is the largest platform of its kind in the Kingdom and aims to enhance cooperation with the private sector, in line with the directives of Crown Prince Mohammed bin Salman to increase the contribution of the private sector to GDP to 65% as part of the Vision 2030 targets.<\/p>\n

Accelerated growth in local content<\/span><\/h4>\n

The \u201cMusasa\u201d program witnessed a remarkable development in supporting local content, as the volume of spending on it increased from 69 billion riyals in 2020 to 153 billion riyals in 2023, an increase of 122%.<\/p>\n

Held under the theme \u201cShared Ambition for a Prosperous Economy,\u201d the forum brings together a number of ministers and senior officials, as well as representatives of leading private sector companies, with more than 100 booths showcasing initiatives and programs that promote partnership with the private sector and accelerate the pace of economic growth in the Kingdom.<\/p>\n

The Minister of Municipalities and Housing, Majid Al-Hogail, emphasized that the volume of investments in the housing sector in the Kingdom exceeded SAR 200 billion, noting that partnership with the private sector is the main driver for the growth of these investments.<\/p>\n

Al-Haqeel's remarks came during his speech at the\u201cPublic Investment Fund and Private Sector Forum<\/a><\/strong>\u201cHe explained that the value of contracts concluded in the municipal sector amounted to more than 19 billion riyals over the past three years, reflecting the continued growth in urban development.<\/p>\n

The minister pointed out that the Kingdom has more than 600 regional centers characterized by economic and population diversity, with plans to expand cities according to the principles of sustainability that are in line with the goals of Saudi Vision 2030.<\/p>\n

Vision 2030 and enhancing quality of life<\/span><\/h4>\n

He stressed that Vision 2030 aims to diversify the economy and create new economic activities to improve the urban landscape and raise the quality of services in Saudi cities, stressing that the municipalities and housing sectors contributed 16% of GDP last year, while the real estate, construction and building sector accounts for a similar or higher percentage of FDI inflows.<\/p>\n

The minister explained that the ministry continues to develop legislative and regulatory aspects, noting that in 2024 three local plans were completed, and 33 new plans are being worked on in partnership with the Entities Support Center to be completed by 2025.<\/p>\n

A leap in the real estate finance market<\/span><\/h4>\n

Al-Haqeel revealed that the real estate finance market has grown by 370% since 2018, reaching a size of SAR 800 billion, reflecting investors' confidence in the Saudi real estate market.<\/p>\n

The minister added that infrastructure and urban services are now available within 800 meters for any citizen, resident or visitor, contributing to ease of movement and boosting the local economy.<\/p>\n

Al-Hogail emphasized the importance of building sustainable cities that provide a high quality of life and are attractive for investment, noting that the implementation of more than 660 urban interventions over the past two years has contributed to making cities more suitable for residents, in addition to their role in enhancing economic returns.<\/p>\n

His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah\u00a0Al-Haqeel<\/a><\/strong>The Kingdom's Vision 2030 focused heavily on economic diversification by creating new economic activities, improving the quality of services provided in cities and improving the urban landscape.<\/p>\n

This came during a panel discussion titled \u201cThe Ministerial Vision for the Government's Role in Supporting and Empowering the Private Sector,\u201d as part of the\u00a0Public Investment Fund and Private Sector Forum<\/a>\u00a0<\/strong>in its third edition held in Riyadh.<\/p>\n

He stressed that urban development is a comprehensive transformation that redefines the concept of cities, so that they become more sustainable, more attractive for investment, and more capable of providing a high quality of life for citizens, which in turn reflects clearly on the economic aspects, stressing that the contributions of the municipal and housing sector to GDP reached 14% of real GDP in 2024, and the contributions of the construction and real estate sectors reached more than 16% of total foreign direct investment inflows.<\/p>\n

He explained that the Ministry of Municipalities and Housing has adopted a transformative approach in dealing with urban development, working on a number of works to achieve this, including a new generation of regional plans, creating an ideal urban environment for residents in all cities of the Kingdom, as well as updating municipal guides, requirements and standards.
\nHe pointed out that the private sector is a partner in urban development, indicating that during the past three years only, investment contracts were signed in the municipal sector worth about 19 billion riyals, while on the housing side and through NHC, His Excellency emphasized that investments exceeded 140 billion riyals to develop residential suburbs, through partnership with 65 real estate developers.<\/p>\n

He pointed out that the current portfolio of municipal projects has exceeded SAR 24 billion, while working to enhance the role of the private sector in this field, noting that the total number of Saudis working in the sector is more than 500,000 young men and women in more than 318,000 different establishments.<\/p>\n

Meanwhile, Minister of Transport and Logistics Saleh Al Jasser revealed that 80% of the targeted investments in the transportation and logistics sector will be from the private sector, as part of the public-private partnership.<\/p>\n

The minister's remarks came during a panel discussion as part of the\u00a0Public Investment Fund and Private Sector Forum<\/a><\/strong>which kicked off today in Riyadh, where he emphasized that these investments will be through multiple models of partnership and integration between the two sectors.<\/p>\n

Al-Jasser noted that the partnership with the private sector included contracts in the maritime sector and ports worth more than SAR 18 billion, stressing that the vast majority of investments in ports come through the private sector.<\/p>\n

The minister explained that the total investment opportunities that will be offered through partnership models with the private sector amount to 240 billion riyals, including various transportation and logistics sectors.<\/p>\n

Within the framework of expanding partnership with the private sector, Al-Jasser noted that four airports have been offered to the private sector for investment in construction and management, namely Abha, Taif, Hail, and Qassim airports.<\/p>\n

Al-Jasser stressed that the Saudi private sector is a key partner in all the achievements made in the transportation and logistics sector since the launch of the National Transport and Logistics Strategy in 2021, which aims to strengthen the Kingdom's position as a global logistics center.<\/p>\n

His Excellency the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, revealed that the number of companies that have taken the Kingdom as their regional headquarters increased to nearly 600 companies, pointing out that the number of registered investment licenses jumped from 4,000 in 2018 and 2019 to 40,000 currently, and the total investment doubled to reach 1.2 trillion riyals, and accounted for 30% of the size of the Saudi economy.<\/p>\n

\u201c72% of the % of investment came from the private sector, portfolio and corporatePublic Investment Fund<\/a><\/strong>\u00a0This shows that the Kingdom is a strong global investment destination thanks to its stimulating economic environment and the diversity of investment opportunities in various sectors, and the economic reforms, within Vision 2030, have contributed to raising the competitiveness of the local market and attracting major international companies. The rapid growth in foreign investment flows also reflects investors' confidence in the Saudi economy and its stability.<\/p>\n

This came during a panel discussion titled \u201cThe Ministerial Vision for the Government's Role in Supporting and Empowering the Private Sector\u201d as part of the\u00a0Public Investment Fund and Private Sector Forum<\/a><\/strong>\u00a0His Excellency discussed the role of the private sector and its impact on the growth of the national economy since the launch of Vision 2030, in addition to the tangible progress in the investment environment.<\/p>\n

His Excellency explained that the Saudi economy has diversified significantly, with non-oil economic activities constituting 52% of the total economy, noting that even in periods when oil activities declined as a result of the Kingdom's usual production policies, the growth rate of non-oil activity remained positive between 4% and 5%.<\/p>\n

He pointed out that the Saudi economy exceeded the barrier of 4 trillion riyals, about 1.1 trillion dollars, achieving unprecedented jumps in foreign investment flows, as their balance doubled to 900 billion riyals since the launch of the Kingdom's Vision 2030, stressing that the Kingdom continues its accelerated path towards achieving its investment and economic goals.<\/p>\n

He stressed that the Kingdom is working to create a stimulating and integrated investment environment, without focusing on one sector as a future maker, but rather targeting the development of all economic sectors, pointing out that the Saudi Public Investment Fund has become a role model in establishing sovereign funds with a pivotal role in moving the economy.<\/p>\n

Al-Falih emphasized that the Kingdom continues to achieve its investment goals in accordance with the vision of His Highness the Crown Prince, stressing that cooperation between the government and the private sector will remain the main driver of pioneering and creative projects that open new horizons for economic growth and development.<\/p>\n

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