Riyadh - Sharikat Mubasher: The Saudi Ministry of Education (MoE) signed a memorandum of understanding (MoU) with the Public Investment Fund (PIF) to foster and support investments in the education sector, leveraging and utilizing educational assets.
The agreement was finalized by Iyad Algarawi, Assistant Minister of Private Education and Investment at MoE, and Yazeed Al-Humied, Deputy Governor and Head of MENA Investments of PIF, on the sidelines of the Education Global Exhibition (EDGEx 2025), according to the ministry’s statement.
The MoU outlines several areas for collaboration, including exploring potential opportunities to develop educational infrastructure through investment initiatives.
Under this partnership, the PIF will enable the private sector’s role in the education sector through joint ventures, operating partnerships, and other initiatives.
This collaboration came as part of the sovereign fund’s strategy to focus on promising and priority sectors.
EDGEx 2025 took place from 13 to 16 April and attracted over 20,000 local and international visitors, including government officials, educational leaders, businesspeople, academics, professionals, specialists, and individuals interested in education.
It featured various pavilions, including 100 leading technology companies, investors from the education sector, and over 40 local and international universities, colleges, and educational institutions.
