This week it was announced that Saudi Arabia is looking to secure SAR 9 trillion ($2.39 trillion) in investments from the private sector, following a SAR 3 trillion kick-start from the Public Investment Fund. Speaking at the PIF Private Sector Forum 2025 in Riyadh, Saudi Minister of Economy and Planning Faisal Al-Ibrahim set out how the Kingdom’s sovereign wealth fund is playing a catalytic role in igniting private sector participation. Saudi Arabia has set out an ambitious National Investment Strategy as part of its Vision 2030 economic diversification initiative, and Al-Ibrahim explained how PIF has a “big role” in setting an example for how government-backed projects can partner with the private sector.
In other news, the fourth edition of the LEAP Technology Conference (LEAP25) concluded its sessions at the Riyadh Exhibition and Convention Centre in Malham, drawing significant participation from technology leaders, investors, and international experts. A series of investments and technical launches worth nearly $25 billion were announced during the four days of the global tech event. These announcements and initiatives focused on enhancing innovation in digital infrastructure and developing digital talents, supporting research, development and innovation, artificial intelligence, cloud computing, and enhancing technical infrastructure.
Economy, Budgets and Finance
Arab News: Saudi Arabia targets $2.4 trillion in private sector investments with the PIF’s support. Read Here
Saudi Gazette - LEAP 2025 concludes after witnessing announcements about investments worth $25 billion. Read Here
Saudi Gazette: Nearly 600 global companies choose Saudi Arabia as their Regional Headquarters. Read Here
GULF New: KSA plans $1 trillion infrastructure boost by 2030. Read Here
Arab News: Saudi economy hits 52% non-oil growth. Read Here
Government & Royal Family
Arab News: Prince Mohammed bin Salman Award was established to strengthen Saudi-China cultural ties. Read Here
Commercial
Arab News: Saudi Arabia’s revenue rises to $336bn in 2024 as non-oil income surges. Read Here Is this the same as the 52% non-oil growth?
The Fintech Times: The Next Step for Saudi Arabia Financial Innovation was announced at LEAP 2025 last week. Read Here
Arab News: Saudi crowdfunding funding hits $800 million a year. Read Here
Social
Saudi Gazette: NEOM unveils Hidden Marina as the first phase of The Line. Read Here
Arab News: Video game industry helping to reshape Saudi economy. Read Here
Arab News: Saudi Arabia launches Ramadan project in 27 countries. Read Here
Saudi Gazette: Saudi Arabia ranks 4th and Riyadh 3rd globally in digital services. Read Here
If you would like to be added to our weekly email distribution of this newsletter, please contact us.