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FINANCIAL NEWS
Private sector key to develop Saudi ‘vision 2030’
02 May 2016
(MENAFN) Making a partnership between private sector investors and the government will be the main factor in shaping Saudi Arabia’s development in the coming five years.
Moreover, Riyadh is ready to increase the private sector’s contribution to GDP from 40 percent today to 65 percent by 2030.
Additionally, growing non-oil government revenues from USD 43bn to USD 267bn by the end of the next decade will also increase.
The kingdom plans to deliver the USD 500bn-worth of these projects that are still at the pre-execution phase spanning the power and water.
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