Non-governmental private sector investments in Saudi Arabia’s GDP for the past year increased 22 percent to reach $242 billion. Compared to 2016, investments witnessed a considerable jump, reaching 104 percent, despite the impact of the coronavirus pandemic on economic activities worldwide. The Saudi government is seeking to empower the private sector and raise its contribution to the gross domestic product from 40 to 65 percent as a target for 2030.
Saudi Arabia has announced the signing of framework agreements for 12 projects worth a total of SR192.4 billion ($51.3 billion) in investments as part of its Shareek programme which aims to strengthen partnerships between public and private sectors.
Shareek s designed to help unlock the full potential of Saudi Arabia’s private sector, and contribute to achieving the national targets defined by Vision 2030
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