(Bloomberg) Deal activity in Saudi Arabia is set to accelerate this year as the kingdom’s sovereign wealth fund looks to raise money for its ambitious projects, according to a top banker at the securities arm of the country’s biggest lender.Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InRecord US Stock Rally Is Under Threat
Saudi Economy and Planning Minister Faisal Alibrahim has highlighted that the private sector is driving growth in the Kingdom, contributing 44.79% to the Kingdom’s economy by the end of Q3, 2023. In an exclusive interview with Asharq Al-Awsat at the World Economic Forum in Davos, Alibrahim commended the private sector for achieving its highest-ever contribution to the real GDP. He also noted that women now make up 36% of the workforce in the Kingdom, surpassing the 30% target set in Saudi Arabia’s national transformation plan, “Vision 2030.”