Private sector growth picks up pace
One of the core ingredients of the kingdom’s long-term strategic development plan is the rapidly-expanding private sector. As His Excellency Mohammed Al-Jadaan, Minister of Finance, said at the 2020 Annual Budget launch: “The government continues its steadfast commitment to empowering the private sector’s role in the economy, job creation and diversification of investment under the umbrella of Saudi Vision 2030 objectives.”
The minister reiterated the 22 private sector support initiatives targeting strategic sectors are bearing fruit as underlined by second quarter economic indicators. “We have adopted economic policies that target the growth
