Aramco and its subsidiary SABIC will spearhead a $1.3-trillion private investment drive in Saudi Arabia to diversify its economy away from oil, the Kingdom's Crown Prince, Mohammed, announced at a virtual conference. "Building a vibrant and prosperous private sector is one of the national priorities for the Kingdom and that is why we are today inaugurating a new and more powerful era in terms of cooperation and partnership between the government and private sector.," Mohammed said. "The Shareek program we are announcing will strengthen the partnership…
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