Riyadh, February 06, 2024, Eng. Khalid bin Abdulaziz Al-Falih, Minister of Investment, emphasized the pivotal role of the private sector in driving economic diversification, echoing the central focus of Vision 2030 on advancing this sector to achieve diversification goals.
Participating in the ministerial session of the PIF Private Sector Forum 2024, Al-Falih reiterated the significance of the private sector in economic diversification, noting that the economy is anticipated to experience a significant expansion from SAR 2.6 trillion to SAR 6.4 trillion, marking nearly a fourfold increase largely propelled by private sector contributions.
Al-Falih also introduced the "Investor Confidence Index," a newly launched initiative designed to gauge investor sentiment biannually, offering valuable insights into challenges faced by investors and the necessary requirements for fostering private sector growth.
Furthermore, Al-Falih underscored the Kingdom's commitment to providing a stable legislative, regulatory, and legal framework conducive to fostering a favorable and sustainable environment for private sector development.
