‘Shareek’ to help accelerate positive transition of Saudi economy: Al-Rumayyan

Yasir Al-Rumayyan, the governor of the Saudi Public Investment Fund (PIF)

The launch of ‘Shareek’ (partner) program comes at a very important time for Saudi Arabia as the economy is in a positive transition, with new opportunities being created in various sectors, said Yasir Al-Rumayyan, governor of the Public Investment Fund (PIF).

The program will contribute to the acceleration and realization of such opportunities.

In a meeting between the Crown Prince Mohammed Bin Salman and private sector representatives to launch the program, Al-Rumayyan said that in the coming months, a number of memorandums of understanding (MoUs) will be signed between major companies and government agencies concerned, and it will be the first step to stimulate new investments.

The business environment in the Kingdom and the rest of the world is emerging from the economic challenges of the coronavirus, he added, indicating that Saudi Arabia’s economy is built on strong and solid foundations and that they will seek to enhance the cooperation opportunities to achieve economic growth and drive development.