Private sector’s contribution to GDP up at 51%: Vision 2030

Saudi Arabia’s private sector has expanded steadily alongside economic and social development, supporting overall growth, though structural challenges have at times limited its full contribution to economic leadership.

With the launch of Vision 2030, a transformation phase began aimed at empowering the private sector and increasing its role in the economy by attracting investment and strengthening diversification.

Private Sector Enablement:

The first phase focused on improving the investment environment, streamlining procedures, and establishing supporting institutions.

The second phase centered on attracting investment, empowering the private sector, and strengthening the economic framework.

The third phase aims to sustain growth and expand opportunities through large-scale projects and future investments.

Private Sector Contribution to GDP (SAR bln)