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Private Sector Investment in Saudi Economy Jumps 104% - Vimarsana News

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.

Source: aawsat.com
Empowering the pet industry with innovation - Vimarsana News

Empowering the pet industry with innovation

Raising pets was the focus of attention of all the civilisations that settled in the Middle East. For example, ancient Egyptians documented the sanctity of cats and dogs. Recently, researchers found the oldest evidence that dogs coexisted with the ancient inhabitants of the region in the Arabian Peninsula. With the culture of the region becoming more open and accepting of pets, combined with the pandemic, the region has seen a rapid increase in the demand for pet supplies and services. However, thought leadership and innovation in the sector still remain low to non-existent, which is where org...

Makkah Chamber launches First Manafee Forum - Vimarsana News

Makkah Chamber launches First Manafee Forum

RIYADH: Makkah Chamber of Commerce will on Monday launch the First Manafee Forum, sponsored by Umm Al-Qura for Development and Construction, the owner and developer of Masar. Under the patronage of Makkah Gov. Prince Khaled Al-Faisal and in the presence of Makkah Deputy Governor Prince Badr bin Sultan, the forum will seek to contribute to achieving the objectives of the

Shareek to unlock SR5tn worth of private sector investments - Vimarsana News

Shareek to unlock SR5tn worth of private sector investments

Last week, Crown Prince Mohammed bin Salman, along with his council of ministers and business leaders, took a significant step forward in implementing the economic objective of Saudi Arabia’s Vision 2030 blueprint. They gathered to sign an agreement for the first wave of projects of the Shareek Program, or the Private Sector Partnership Reinforcement Program, which is set to

Cabinet approves transformation of Shareek program into a center - Vimarsana News

Cabinet approves transformation of Shareek program into a center

The Cabinet also approved an agreement between the government of Saudi Arabia and the government of Morocco in the field of air transport services, among other issues on its agenda.