The Saudi Crown Prince Mohammed bin Salman revealed that the local private sector will invest 5 trillion riyals ($1.3 trillion) between now and 2030 under the partnership program with the private sector called "Partner" to help diversify the economy.
This came during the launch of the program to strengthen partnership with the private sector for local companies, with the aim of developing business between the government and private sectors, and accelerating the achievement of the strategic objectives of increasing the resilience of the economy and supporting prosperity and sustainable growth.
H.H. Bin Salman affirmed that the government spending during the next ten years is estimated at 10 trillion riyals, so that the private sector will be a side by side in the development efforts in the Kingdom and achieving the goals of Vision 2030, in light of the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz.
He also considered that "building a vibrant and prosperous private sector is one of the Kingdom's national priorities, due to the importance and vital role it represents, as a key partner in the prosperity and development of the Kingdom's economy, to continue to perform its supportive tasks, to achieve the national aspirations set by Vision 2030."
Source (Al-Arabiya.net, Edited)
