Saudi Arabia’s Public Investment Fund (PIF) has announced a landmark initiative to offer over SAR 70 billion ($18.67 billion) in investment opportunities to private sector companies. The announcement was made during the ongoing Private Sector Forum, signaling a significant move to deepen collaboration and drive economic diversification in line with Vision 2030.
A Multi-Billion Dollar Call to Action
Jerry Todd, Head of National Development at PIF, revealed the massive pipeline of opportunities, underscoring the fund’s commitment to empowering local businesses and investors. This move is part of a broader strategy to integrate the private sector into the Kingdom’s ambitious giga-projects and economic transformation.
In his opening speech, PIF Governor Yasir Al-Rumayyan highlighted the fund’s existing progress, noting that its private-sector platform has already generated 190 investment opportunities valued at SAR 40 billion through global partnerships and supply chain localization efforts.
Building on a Foundation of Local Content
The PIF’s efforts are bolstered by its successful Local Content Development Programme, MUSAHAMA. This initiative has been instrumental in accelerating local content spending across the PIF’s portfolio, which reached an impressive SAR 591 billion between 2020 and 2024.
The program is designed to increase the private sector’s contribution to the local economy, create skilled jobs for Saudis, and transfer knowledge and technology to the Kingdom.
Empowering Local Contractors
A key component of the PIF’s strategy is the Contractor Financing Programme, which provides innovative financing solutions to enable local contractors to participate in the fund’s large-scale projects. This program has already facilitated the delivery of projects valued at over SAR 10 billion and was credited with increasing the participation of local contractors in PIF projects to 67% in 2025.
“The opportunity before the private sector in the Kingdom today is the greatest opportunity yet – to help lead economic growth, shape the future, and generate sustainable returns,” Al-Rumayyan stated.
About Public Investment Fund
The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia and one of the largest in the world. As the main engine for Saudi Arabia’s economic diversification under Vision 2030, the PIF is actively investing in a portfolio of domestic and international opportunities to drive sustainable economic growth, create new sectors, and build strategic partnerships.
Source: Zawya
