The plan looks to increase the private sector’s contribution to GDP to 65% © Ziad Alangri / EyeEm via Getty Images
The plan looks to increase the private sector’s contribution to GDP to 65% © Ziad Alangri / EyeEm via Getty Images

Saudi launches $7tn investment strategy

12 October 2021

Saudi Arabia has launched a new National Investment Strategy (NIS) that will see it invest $7tn in the economy over the next 10 years.

State news agency SPA said goals from the NIS included increasing the contribution of non-oil exports to GDP from 16% to 50% and raising the private sector’s contribution to GDP to 65%.

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