Everyday News

Saudi Arabia’s Bold Move: $51bn Investment Pledge to Supercharge Private Sector Development

RIYADH: Saudi Arabia’s Shareek Program has announced a $51 billion investment in the private sector to accelerate economic growth and generate job opportunities. 

invest with imarat

Islamabad’s emerging city centre

Learn More

The plan was launched in March 2021 by the Crown Prince, Prime Minister, and Chairman of the Large Companies Investment Committee, Mohammed bin Salman bin Abdulaziz. Initially, 28 companies joined the Shareek Program as the initiative moved into the first phase of investment. 

The initiative is in line with Vision 2030 which plans to unlock the economic potential of the Kingdom’s private sector. 

According to a tweet by the program’s official account, the initiative would include 12 projects and create 64,000 new jobs. 

For news and blogs, visit Graana.com

Laila Waqar

Laila Waqar is the Content Lead at Graana.com. With a bachelor's degree from LUMS, her expertise lies in curating research-based content in line with market marketing requirements. She is a detailed-oriented professional who focuses on delivering quality content that is enlightening and engaging.

Recent Posts

Rent Over Ownership: Melbourne Leads a New Housing Trend

MELBOURNE — A new analysis by Deluxe Holiday Homes has highlighted significant shifts in Melbourne's…

12 hours ago

Fire Engulfs Ski Resort Hotel in Türkiye, Leaving 10 Dead and 32 Injured

ANKARA — A devastating fire at the Kartalkaya ski resort in northern Türkiye claimed the…

1 day ago

Vietnam’s Real Estate Market Braces for Growth in 2025

As Vietnam heads into 2025, the real estate market presents a dynamic mix of challenges…

1 day ago

Dubai’s Secondary Housing Market Set for Strong Growth in 2025

Dubai’s secondary housing market is predicted to see robust growth in 2025, with demand for…

1 day ago

California’s Wildfires Spark an Unforeseen Housing Crunch in Los Angeles

As Los Angeles County grapples with the aftermath of some of the most destructive fires…

2 days ago

CDA Launches New Plant Relocation Initiative

On Friday, Azam Nazeer Tarar, the Minister for Law and Justice, informed the Senate that…

2 days ago