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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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GACA offers Abha, Taif, Qassim, Hail airports for private sector
Riyadh - Sharikat Mubasher: Saudi Arabia’s General Authority of Civil Aviation (GACA) announced the offering of Abha, Taif, Qassim, and Hail airports to the private sector, with the first phase starting at Abha International Airport.The announcement was made by GACA’s President, Abdulaziz Al‑Duailej, during his remarks at a panel discussion titled “Investing in Logistics Infrastructure: Between Joint Financing and Future Opportunities”, the authority revealed in an official press release.The bids for the privatization of Abha Airport will be decided within the next few months, Al‑Duailej said, noting that 100 companies have already submitted proposals, which are currently under review.This major privatization project aims to expand Abha Airport’s operational capacity from 1.5 million passengers to 13 million passengers, implemented across three phases.Al‑Duailej stated the Kingdom’s experience with airport privatization started in 2016 with the privatization of Prince Mohammad bin Abdulaziz International Airport in Madinah. He highlighted the significant success achieved, with passenger capacity increasing from 3 million to 8.5 million, and agreements in place to further expand capacity to 18 million.Moreover, Al‑Duailej emphasized that the partnership between the public and private sectors is built on governance, quality, and regulation from the government side, while the private sector drives financing, design, implementation, and operations.
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