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Saudi business delegation visits Kingdom-backed Zamil Steel factory in Vietnam

Saudi business delegation visits Kingdom-backed Zamil Steel factory in Vietnam
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Private Sector Investment in Saudi Economy Jumps 104%

Non-governmental private sector investments in Saudi Arabia’s GDP for the past year increased 22 percent to reach $242 billion. Compared to 2016, investments witnessed a considerable jump, reaching 104 percent, despite the impact of the coronavirus pandemic on economic activities worldwide. The Saudi government is seeking to empower the private sector and raise its contribution to the gross domestic product from 40 to 65 percent as a target for 2030.

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