About Shareek
The Shareek Program, launched by His Royal Highness Prince Mohammed bin Salman in 2021, is a cornerstone initiative aimed at driving private sector investment in Saudi Arabia
By fostering close collaboration between the public and private sectors, Shareek empowers large companies to unlock SAR 5 trillion in private sector investments by 2030. Through this, Shareek supports the Saudi Vision 2030 by accelerating economic diversification and positioning Saudi Arabia as a global leader in key industries
The Shareek Program operates as a unique public-private collaboration designed to fast-track high-impact projects in the Kingdom’s largest companies. Through dedicated support, streamlined regulatory processes, and a focus on the localization of industries, the program helps large companies accelerate projects that contribute significantly to economic growth, job creation, and sector diversification —all in line with Saudi Vision 2030’s goals of building a resilient and prosperous economy
Shareek’s primary objective is to stimulate private sector growth through strategic partnerships and the localization of industries. By enabling large companies to undertake impactful projects, Shareek plays a key role in driving economic innovation, boosting job creation, and enhancing local industry capabilities, thereby increasing the private sector's contribution to GDP
The program’s goal is to elevate the private sector’s contribution to 65% of GDP by 2030, ensuring it becomes a cornerstone of Saudi Arabia’s long-term prosperity. Additionally, Shareek aims to contribute to increasing the Kingdom's GDP ranking to 15th worldwide
The Shareek Program aligns closely with Vision 2030's objective to increase private sector participation in the economy to 65% of GDP. By fostering the localization of industries and supporting the National Investment Strategy (NIS), the program plays a key role in economic diversification, accelerating innovation, and driving the development of key industries
Shareek is instrumental in ensuring the Kingdom's economic diversity, facilitating projects that contribute to sustainable growth for future generations and enabling the implementation of the NIS
Shareek collaborates closely with government ministries, sector-specific committees
By acting as a bridge between the private sector and the government, Shareek ensures that companies have the guidance, resources, and policy support needed to succeed and contribute to Vision 2030’s transformative goals
The Impact of Shareek on the KSA Economy
The Shareek Program is one of the key drivers of Saudi Arabia’s economic future. By unlocking SAR 5 trillion in private sector investments, Shareek will significantly boost GDP growth, create jobs, and localize industries, thereby expanding value chains across various sectors
These transformative projects not only accelerate economic diversification, which is crucial for long-term GDP growth, but also strengthen the Kingdom’s position as a global economic leader. Shareek also aims to contribute to increasing the Kingdom's GDP ranking to 15th worldwide and help the private sector contribute 65% to GDP by 2030, delivering long-lasting benefits across the entire economy
Eligibility and Large Company Focus
Shareek is designed specifically for large companies because of their capacity to undertake major projects with substantial national impact. However, the program’s benefits extend across the entire economy, as SMEs and smaller businesses will benefit indirectly from the increased economic activity, expanded value chains, and opportunities generated by these large-scale investments
