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Private Sector Investment in Saudi Economy Jumps 104%

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. ....

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Framework agreement inked for $51bn KSA investment projects

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. ....

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Saudi Arabia Announces First Bundle of Projects by 'Shareek' Program Worth $51 Billion

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities ....

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