Saudi Shareek initiative to increase private sector GDP contribution appoints new CEO


RIYADH: The Large Companies Investments Committee has appointed Abdulaziz Al-Arifi as the CEO of a government-backed initiative aimed at developing partnerships between the public and private sector.

Saudi Arabia’s Shareek Program was launched by the Saudi crown prince last year and seeks to raise the private sectors’ contribution to the Kingdom’s gross domestic product to 65 percent.

Al-Arifi holds a bachelor’s degree in business administration from Babson College Massachusetts, and a master’s degree in business administration from Stanford University, according to the Saudi Press Agency.

He has leadership and practical experiences in the public and private sectors, as he currently works as a consultant in the General Secretariat of the Council of Ministers.