Saudi Arabia Embraces Public-Private Partnerships for Direct Investment
Saudi Arabia’s economy is expected to jump from the 18th to 15th largest economy in the world by 2030 with the Shareek investment program
Saudi Arabia’s Crown Prince Mohammed bin Salman launched an investment program called Shareek (to partner) that aims to facilitate foreign direct investment through government and private sector collaboration. The program will offer incentives and enable private investment of $1.33 trillion (SAR 5 trillion) through 2030, which aims to increase the private sector’s contribution to GDP by 65 percent.
Shareek is expected to help Saudi Arabia jump from the 18th to 15th largest economy in the world by 2030. The Shareek Program will be managed from Riyadh under the Kingdom’s Public Investment Fund.
As foreign business increases in the Kingdom, U.S. companies are encouraged to explore the Shareek program as it gains traction in the Saudi market. For more information, please contact Mohammad Shujauddin at email@example.com.