Looking inward

Saudi crown prince calls on private sector to support diversification plan

(Bandar al-Jaloud/SPA)

Saudi Crown Prince Mohammed bin Salman has announced a new programme that aims to empower the local private sector to reach 5 trn riyals ($1.3 trn) of investments between now and 2030 as the kingdom pushes to diversify the economy away from oil.

The programme is called “Shareek” (Arabic for “partner”), and it is part of a larger $7 …