PIF, NIF launch new Contractor Financing Program

06/02/2024 Argaam
Logo ofPublic Investment Fund (PIF)

Logo of Public Investment Fund (PIF)

The Public Investment Fund (PIF), in partnership with the National Infrastructure Fund (NIF), launched the new Contractor Financing Program, according to a statement.

 

The Contractor Financing Program is an initiative aimed at strengthening the construction sector by providing contractors with diverse and tailored financing solutions, fostering a more integrated, dynamic, and transparent construction ecosystem, and promoting projects structured to improve contractor cashflows, the statement added.

 

This came during the 2024 PIF Private Sector Forum, which began today at the King Abdulaziz International Convention Center in Riyadh.

 

Organized by the PIF, the forum will run through Feb. 6-7, 2024, with the aim of strengthening partnerships and showcasing opportunities for local cooperation in strategic sectors.

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