Shareek Programme
A national private-sector investment programme targeting SAR 5 trillion in cumulative domestic investment by major Saudi companies through 2030.
Definition
The Shareek Programme (Arabic for “Partner”) is a national initiative launched in 2021 that commits Saudi Arabia’s largest private and state-linked companies to collectively invest SAR 5 trillion in the domestic economy through 2030, accelerating private-sector participation in Vision 2030’s economic diversification.
Overview
Announced by Crown Prince Mohammed bin Salman in March 2021, the Shareek Programme establishes a structured compact between the government and the Kingdom’s most prominent companies to dramatically increase domestic capital expenditure and investment. The programme’s initial participants included Saudi Aramco, SABIC, STC, Saudi National Bank, and other leading Tadawul-listed entities.
Under Shareek, participating companies commit to raising their cumulative domestic investment from approximately SAR 1.7 trillion (2021) to SAR 5 trillion by 2030. This investment is directed toward expanding operations, building new facilities, developing technology, training Saudi workers, and supporting emerging sectors. The programme was designed to complement PIF’s government-led investment with a private-sector investment surge of comparable scale.
The initiative reflects a recognition that Vision 2030 cannot be delivered by government spending alone. Sustainable economic diversification requires the private sector to invest at scale in new industries, create jobs for Saudis, and develop competitive capabilities. The Shareek Programme creates a formal accountability framework to ensure that the Kingdom’s most resource-rich companies contribute proportionally to the national transformation.
Key Facts
| Fact | Detail |
|---|---|
| Announced | March 2021 |
| Investment Target | SAR 5 trillion cumulative by 2030 |
| Baseline | SAR 1.7 trillion (2021) |
| Key Participants | Aramco, SABIC, STC, Saudi National Bank |
| Focus | Domestic capital expenditure and investment |
| Sponsor | Crown Prince Mohammed bin Salman |
| Objective | Private-sector-led economic diversification |
Role in Vision 2030
The Shareek Programme is a strategic pillar of Vision 2030’s Thriving Economy objective, designed to multiply the impact of government-led investment by mobilizing private capital at unprecedented scale. The SAR 5 trillion target, if achieved, would represent one of the largest coordinated private-sector investment commitments by any country.
The programme aligns with Vision 2030’s emphasis on public-private partnership, productivity growth, and job creation. By requiring large companies to invest in Saudi Arabia rather than distribute profits or invest abroad, the programme aims to create a virtuous cycle of domestic investment, employment, consumption, and further growth.