| There is consensus among these companies about the feasibility of the proactive government outlook and dynamic efforts, and that such initiatives will contribute to strengthening cooperation between the public and private sectors to increase economic activity and prosperity in the Kingdom | The program supervisory committee is responsible for providing strategic direction on investment and revision of project proposals and supervise required support and work to ensure that large private companies are able to partner with relevant government and ministerial bodies |
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| The program is not a direct response to the negative economic impacts of the COVID-19 pandemic, but rather it achieves a number of goals, most notably to support the sustainable growth of the Kingdom's economy | The program is supervised by a council that includes various stakeholders from the investment sector |
The program contributes to doing business by launching mega projects to boost GDP growth and provide advantages for the economy as a whole.
3| A number of factors will be taken into consideration, such as job creation, infrastructure development and the company's investment history | "Shareek" Program, which is headquartered in Riyadh under the management of the General Secretariat of the program, aims to enhance the development and resilience of the Saudi economy by increasing the gross domestic product, providing job opportunities and diversifying the economy, in addition to launching private sector as well as the accumulated investments across all economic aspects with a target of SR5 trillion by 2030, and add up to SR2 trillion to the GDP by 2025 and provide hundreds of thousands of new job opportunities |
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| Each company will receive special support and benefit from government support that is most closely linked to it, which will accelerate its investment plans and programs | The program also provides a flexible mechanism that helps accelerate the pace of investment to meet the requirements of large private companies in the Kingdom of the various economic sectors in which they operate |
The Public Investment Fund constitutes a leading party from the newly created General Secretariat to assist in managing the program, and the Fund Governor, Yasser Al-Rumayyan, holds the position of Chairman of the Executive Committee for Large Corporate Investments.
| The program also seeks to maximize the flexibility of the Kingdom's economy by launching vital projects that contribute to the development of the main economic sectors | The program provides support through access to assets, operational, organizational and cooperative support, as these forms are the most important areas of support that enable projects to be launched at an early stage compared to current plans |
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| Accelerating the pace of important investment projects will have a broad and positive impact on the private sector and will allow companies of various sizes, including small and medium companies, to benefit from the new projects that are being implemented | It will also, through quick approvals and other incentives, facilitate the investment environment and improve the ease of doing business in the Kingdom |
The program will become an essential part of the national investment strategy and the broader economic development plan, and it will enhance the Kingdom's reputation as a business-friendly environment that attracts investments seeking remunerative returns, in addition to providing practical and accurate support to accelerate the growth of large companies' projects in the Kingdom, given the framework of the large companies investment board and clear guidelines for large companies that qualify them for support, and enable them to participate in the plan voluntarily which is designed to achieve major benefits for these companies.