Shareek is a program specifically designed to support large Saudi companies to enabling the growth of private sector investments in Saudi Arabia and contributing to the development of the Saudi economy.
Launched in 2021 by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, Shareek, which means “Partner” in Arabic, is helping accelerate growth for large companies in Saudi Arabia.
By providing tailored support to help eligible companies accelerate planned projects and identify new opportunities, Shareek aims to unlock SAR 5 Trillion in domestic private sector investments by 2030, which will contribute achieving the Vision 2030 goal to increase private sector GDP contribution to 65%.
In March 2023, Shareek announced its first wave of supported projects across four key sectors. The 12 projects will help diversify industries, promote innovation, and create over 64,000 local jobs by 204. With 192 billion in project investment size, the share of investments of major companies is 120 billion riyals, and it is expected that the impact of these investments on the GDP will reach 466 billion riyals by 2040
While Shareek is dedicated to focus on the large companies, the program will have a positive impact on the economy and create opportunities across entire value chains, contributing to continued prosperity for the Kingdom.
Learn more about how Vision 2030 is transforming Saudi Arabia’s economy and providing a future full of opportunities for all.