Faisal Al-Ibrahim, Minister of Economy and Planning
Saudi Arabia is striving to strengthen the resilience of the private sector and decrease its dependence on the government, said Minister of Economy and Planning Faisal Alibrahim.
Speaking on the second day of the Public Investment Fund (PIF) Private Sector Forum 2025, Alibrahim projected that the fund’s total investments could reach approximately $1 trillion.
He emphasized that ongoing efforts and strategic plans aim to make the private sector more dynamic and a stronger economic partner.
The minister stated that the private sector currently contributes 46% to Saudi Arabia’s economy, with a target to increase this share to 65%, highlighting the importance of private sector initiatives in creating opportunities.
Alibrahim expressed optimism about Saudi Arabia’s economic growth, forecasting that the non-oil sector will expand by approximately 4.8% and 6.2% in 2025 and 2026, respectively.
Faisal Al-Ibrahim, Minister of Economy and Planning
Saudi Arabia is striving to strengthen the resilience of the private sector and decrease its dependence on the government, said Minister of Economy and Planning Faisal Alibrahim.
Speaking on the second day of the Public Investment Fund (PIF) Private Sector Forum 2025, Alibrahim projected that the fund’s total investments could reach approximately $1 trillion.
He emphasized that ongoing efforts and strategic plans aim to make the private sector more dynamic and a stronger economic partner.
The minister stated that the private sector currently contributes 46% to Saudi Arabia’s economy, with a target to increase this share to 65%, highlighting the importance of private sector initiatives in creating opportunities.
Alibrahim expressed optimism about Saudi Arabia’s economic growth, forecasting that the non-oil sector will expand by approximately 4.8% and 6.2% in 2025 and 2026, respectively.
