RIYADH: The Large Corporate Investments Committee, chaired by Crown Prince Mohammed bin Salman, has appointed Abdulaziz bin Abdulrahman Al-Arifi as CEO of the Private Sector Partnership Reinforcement Program, known as Shareek, the Saudi Press Agency reported.
Al-Arifi, a Stanford graduate, currently works as an advisor at the Council of Ministers’ General Secretariat.
He has also worked as the Saudi transport minister’s assistant, as the CEO of Jadwa Investment, and as the treasury director of Bahri, formerly known as the National Shipping Company of Saudi Arabia.
The Shareek program aims to strengthen partnerships with the private sector and increase national companies’ contributions to the country’s economic sustainability.
The crown prince launched the program in March 2021 as part of his efforts to build the private sector in line with Vision 2030’s economic and development goals.
The program aims to assist local businesses in achieving a local investment volume of up to SR 5 trillion ($1.3 trillion) by 2030.
The program also intends to increase the Saudi economy’s flexibility and provide more jobs for Saudis in all sectors across the Kingdom.