As Saudi Vision 2030 aims to raise the private sector’s contribution to gross domestic product to 65% by 2030, the Public Investment Fund (PIF) and the Private Sector Forum continue to strengthen their position as one of the leading economic platforms for strengthening partnerships between the public and private sectors.
PIF is considered one of the most influential investment bodies at the global level, given its role in directing investments to new and promising sectors and contributing to reshaping the character of the regional and global economy, in addition to supporting the Saudi economic transformation path.
Supports local content
PIF’s role in supporting the growth of local content through a variety of programs and initiatives has emerged in recent years, with data showing that by the end of 2024, 57% of total spending by PIF and its portfolio companies was directed towards local content, reflecting PIF’s growing influence in supporting local economies and widening the base of local participation in major projects.
As part of its strategy, PIF is committed to stimulating investment and accelerating the pace of economic transformation, while strengthening the role of the private sector in projects, in addition to building national capacity to develop competitive and innovative sectors and value chains and contributing to expanding growth opportunities and achieving sustainable economic outcomes.
As Saudi Vision 2030 aims to increase the private sector’s contribution to GDP to 65% by 2030, the Public Investment Fund (PIF) Forum continues to establish itself as one of the leading economic platforms to strengthen partnerships between the public and private sectors.
PIF is considered one of the most influential investment bodies globally, given its role in supporting Saudi Arabia’s path to economic transformation, directing investment to new and promising sectors, and contributing to reshaping the contours of the regional and global economy.
Local content support
In recent years, PIF’s role in supporting the growth of local content has been highlighted through a range of programs and initiatives, with data showing that by the end of 2024, 57% of total and portfolio company spending was directed towards local content, reflecting PIF’s growing influence in supporting local economies and widening the base of local participation in major projects.
PIF works in line with its strategy to stimulate investment and accelerate the pace of economic transformation, while strengthening the role of the private sector in its projects, developing competitive and innovative sectors and value chains, and building national capacities that contribute to expanding growth opportunities and achieving sustainable economic outcomes.
