Private sector investments in PIF’s projects, firms exceed SAR 96B since 2021: Al-Rumayyan

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF) 

Governor of the Saudi Public Investment Fund (PIF), Yasir Al-Rumayyan, stated that the private sector’s direct investments in the fund’s projects and portfolio of companies exceeded SAR 96 billion since 2021 until the third quarter of 2023.

In his speech at the second PIF Private Sector Forum, Al-Rumayyan said that the PIF continues to serve as a catalyst for economic transformation in the Kingdom, establishing and developing strategic sectors and contributing to increased private sector participation.

The PIF Governor also emphasized the Crown Prince's great attention to the private sector and his keenness to enhance its role in developing the national economy and achieving the goals of the Kingdom’s Vision 2030, which includes empowering the private sector one of the basic pillars of building a prosperous economy.

The Fund's private sector platform, which launched last year, now offers over 200 opportunities worth more than SAR 20 billion, he said.

Moreover, there are more than 100 Saudi companies qualified to work with PIF’s companies through the contractor pre-qualification program platform.