US-based Project Management Institute (PMI) has signed a strategic Memorandum of Understanding (MoU) with the Public Investment Fund (PIF), the Saudi Arabian sovereign wealth fund, during the PMI Global Summit 2023.
PMI is the leading authority in project management, committed to advancing the project management profession to positively impact project success. It will empower professionals to excel in project management practices through the growing global community, knowledge sharing, and best-in-class certifications.
The MoU intends to further develop the capabilities of Saudi PIF’s professionals in project management, as well as strengthen cooperation between the two parties.
The MoU was signed in the presence of Ms. Areej Naqshbandi, Senior Director and Head of the Project Management Office at PIF, and Mr. Pierre Le Manh, President and CEO of Project Management Institute.
Mr. Le Manh said that, “PIF shows great commitment toward building and strengthening the capabilities of their professional community in alignment with the Saudi’s vision for economic diversification and prosperity. As transformation occurs, Project Management Institute is committed to striving for excellence by advancing the project management profession and collaborating with PIF to create a positive impact in the Kingdom.”
According to the statement, PMI provides professionals with advanced project management skills in line with international best practices and resources through PMI’s portfolio of certifications, along with training and development options to further elevate the project management profession and drive excellence.
Earlier this year, Saudi PIF established the Saudi Facility Management Company (FMTECH) to offer a comprehensive range of services, including utilities management, energy management, waste management, maintenance, housekeeping, security, and landscaping services.