PIF Governor opens Private Sector Forum in Riyadh, cites 190 opportunities worth over SAR 40 bln

SPA

Riyadh, February 9, 2026 (SABN) – Public Investment Fund (PIF) Governor Yasir Al-Rumayyan inaugurated the fourth edition of the PIF Private Sector Forum on Monday at the King Abdulaziz International Conference Center in Riyadh, running from February 9 to 10.

Al-Rumayyan said Saudi Arabia was seeing rising competitiveness, rapid development of supporting sectors and value chains, and growing ambitions, with opportunities increasingly driven by innovation and execution.

He said PIF remained committed to empowering the private sector as a partner in the Kingdom’s economic transformation, describing it as a driver of growth and job creation.

Al-Rumayyan said PIF had offered more than 190 investment opportunities worth over SAR 40 billion through international partnerships and supply-chain localisation efforts, aimed at strengthening company readiness and building national capabilities.

He said the next five years would reshape competition through shifts in business models, artificial intelligence, capital markets, content localisation and supply chains.

The forum is hosting more than 10,000 private-sector participants, with over 100 memoranda of understanding anticipated, in addition to 18 government entities, more than 120 PIF portfolio companies and six specialised platforms.