‎Al-Jadaan: First bundle of ‘Shareek’ projects to motivate companies to invest locally

‎Al-Jadaan: First bundle of ‘Shareek’ projects to motivate companies to invest locally

Saudi Arabia’s Minister of Finance Mohammed Al-Jadaan said that the first bundle of supported projects for eight companies in the “Shareek” program worth SAR 192.4 billion, will contribute to stimulating major private sector companies to grow and expand local investment, at a time when the Kingdom has become the fastest growing economy in the G20 during 2022.

The program works to support additional projects for major companies and overcome the challenges they face, which contributes to accelerating their growth, he added, according to the Saudi Press Agency (SPA), noting that the announcement of the first 12 empowered projects helps drive the private sector, which helps in achieving sustainable growth.