PIF Governor Yasir Al-Rumayyan says efforts are underway to empower the private sector to lead the Kingdom’s economic transformation.
The Public Investment Fund (PIF)is working with the private sector to deepen impact and build a cohesive economic ecosystem that will drive sustainable growth through a comprehensive approach aligned with the investment cycle, PIF Governor Yasir Al-Rumayyan said. 
Speaking at the Private Sector Forum 2026, Al Rumayyan said efforts are underway to empower the private sector to lead the Kingdom’s economic transformation, positioning it as a key partner in growth and a driver of opportunity creation.
He noted that the PIF’s Local Content Growth Program, MUSAHAMA, helped boost spending on local content through PIF portfolio companies over recent years, reaching SAR 591 billion during the 2020–2024 period.
Al-Rumayyan added that the Contractors Financing Program enabled the execution of PIF projects worth more than SAR 10 billion through innovative financing solutions, raising local contractors’ share of participation in PIF projects to 67% in 2025.
He said that the PIF’s private-sector platform has offered more than 190 investment opportunities totaling over SAR 40 billion through international partnerships and supply chain localization.
The governor explained that the impact of the fund’s programs and initiatives, which aim to strengthen its partnership with the private sector, extends beyond financing.
These include enhancing corporate readiness, building national capabilities, and creating high-quality job opportunities within an ecosystem governed by the highest standards of efficiency, transparency, and governance.
PIF Governor Yasir Al-Rumayyan says efforts are underway to empower the private sector to lead the Kingdom’s economic transformation.
The Public Investment Fund (PIF)is working with the private sector to deepen impact and build a cohesive economic ecosystem that will drive sustainable growth through a comprehensive approach aligned with the investment cycle, PIF Governor Yasir Al-Rumayyan said.
Speaking at the Private Sector Forum 2026, Al Rumayyan said efforts are underway to empower the private sector to lead the Kingdom’s economic transformation, positioning it as a key partner in growth and a driver of opportunity creation.
He noted that the PIF’s Local Content Growth Program, MUSAHAMA, helped boost spending on local content through PIF portfolio companies over recent years, reaching SAR 591 billion during the 2020–2024 period.
Al-Rumayyan added that the Contractors Financing Program enabled the execution of PIF projects worth more than SAR 10 billion through innovative financing solutions, raising local contractors’ share of participation in PIF projects to 67% in 2025.
He said that the PIF’s private-sector platform has offered more than 190 investment opportunities totaling over SAR 40 billion through international partnerships and supply chain localization.
The governor explained that the impact of the fund’s programs and initiatives, which aim to strengthen its partnership with the private sector, extends beyond financing.
These include enhancing corporate readiness, building national capabilities, and creating high-quality job opportunities within an ecosystem governed by the highest standards of efficiency, transparency, and governance.
