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  2. Private Sector Forum 2025 secures 140 Deals Worth SAR 14 bn

Private Sector Forum 2025 secures 140 Deals Worth SAR 14 bn

GHADA.ISMAIL
Feb 13, 2025
The forum saw partnerships spanning SAR 14 billion, highlighting PIF's impact on national development

Riyadh – Sharikat Mubasher: Abdullah Alhussaini, Senior Director at the Public Investment Fund (PIF), stated that the Private Sector Forum 2025 witnessed the signing of 140 agreements valued at up to 14 billion riyals.

In an interview with Al Arabiya Business, Alhussaini added that this year’s forum saw participation from over 100 companies from the PIF portfolio, compared to 83 companies in the previous edition and nearly 40 in its inaugural edition, highlighting continuous development.

He explained that the agreements signed at the current forum included partnerships between private sector companies and PIF-affiliated companies, as well as collaborations between private sector firms, with the PIF playing a pivotal role in facilitating these agreements.

PIF launched yesterday its third Private Sector Forum, along with an accompanying exhibition, at Riyadh’s King Abdulaziz International Conference Center. The forum, which takes place on 12-13 February, is the largest platform of its kind in Saudi Arabia and is dedicated to enhancing partnerships and creating opportunities for the local private sector.

Under the slogan “Joint aspiration for a thriving economy," the third edition will see the participation of government ministers, senior executives from PIF and its portfolio companies, representatives of government agencies, and private sector executives from various strategic sectors. The event will also feature more than 100 booths showcasing PIF portfolio companies.

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Riyadh - Sharikat Mubasher: Saudi Energy signed a Power Supply and Implementation Agreement with Expo 2030 Riyadh Company, wholly owned by the Public Investment Fund (PIF), to deliver the power infrastructure required across the Expo 2030 Riyadh site.The agreement was signed by Khalid AlGhamdi, Chief Executive Officer of Saudi Energy, and Talal Al-Marri, Chief Executive Officer of Expo 2030 Riyadh, according to the official statement,The deal aims to establish the electrical infrastructure required to meet the power demands of Expo 2030 Riyadh. This includes the construction of a bulk supply point, three primary substations, and all associated transmission and distribution infrastructure.Leading Saudi companies, including Alfanar, Haif Company, Trading and Development Partnership, and Al-Babtain Power & Telecom Company, will support the execution of these worksAlGhamdi highlighted that the agreement reflects the critical role of Saudi Energy in supporting major national projects by developing a reliable and highly efficient power infrastructure.He emphasized that Saudi Energy will deploy its capabilities and expertise to execute Expo 2030 Riyadh’s electric supply requirements to the highest standards of quality and operational performance, supporting the readiness of this global event and aligning with the Kingdom’s development goals.For his part, Al-Marri said: “The agreement marks another important milestone, reflecting the accelerated progress across the various workstreams underway on site and reinforcing its readiness in line with the established delivery schedule.”He noted that the partnership with leading Saudi national companies reflects confidence in local capabilities and expertise, and their ability to deliver projects of this scale and ambition in line with the highest technical and operational standards. Moreover, the agreement marks a significant step toward securing the critical utility requirements of Expo 2030 Riyadh and enabling the timely development and successful opening of the event. 

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