Samer Choucair: Private Sector’s Share Above 51% of the Saudi Economy Marks the Beginning of a New Investment Phase
Entrepreneur Samer Choucair said the Saudi economy is undergoing a significant transformation that reflects the success of its economic-diversification strategy, with the private sector’s contribution rising above 51% of gross domestic product by the end of 2025, exceeding the interim target under Saudi Vision 2030, while non-oil activities now account for approximately 55% of GDP.
Choucair explained that the Kingdom is gradually moving toward an economic model that depends more heavily on private investment, while the state continues to act as an enabler and driver of reform.
Samer Choucair said these indicators reflect a structural transformation in the Saudi economy, where the private sector’s ability to lead growth and create added value has become a major factor in attracting domestic and international capital.
He noted that institutional investors are increasingly focusing on sectors capable of delivering sustainable growth beyond the volatility of energy markets.
Choucair added that the current phase of Vision 2030 is introducing a new approach to capital allocation, based on directing investment toward the most productive activities.
These include financial services, advanced manufacturing, logistics, tourism, digital technologies, and artificial-intelligence-related projects, all of which offer strong growth opportunities during the coming years.
He noted that the Public Investment Fund’s move to strengthen partnerships with the private sector represents a strategic step toward improving investment efficiency.
The focus is no longer limited to financing major projects, but has expanded to enabling private companies to lead implementation and increase their contribution to economic development, strengthening the participation of local and international investors across different sectors.
Samer Choucair explained that the expanding private-company base and the development of the Saudi capital market are creating opportunities for additional listings, growth in sukuk and bond issuance, and greater private-equity and venture-capital activity.
These developments diversify sources of financing and improve the efficiency of capital allocation across the economy.
Choucair emphasized that success during the next phase will depend not only on the volume of investment, but also on the quality of its deployment.
Genuine returns will come from investing in companies capable of improving productivity, developing human capital, benefiting from digital transformation, and adhering to the highest standards of governance and transparency.
Concluding his remarks, Samer Choucair emphasized that the Saudi economy possesses strong foundations for continued growth, supported by ongoing reforms, the strength of the non-oil sector, and the expanding role of private enterprise.
He said these factors make the Kingdom one of the most prominent investment destinations among emerging markets for investors seeking long-term growth opportunities, while underscoring the need to continue managing risks associated with global economic and geopolitical developments.