The $51.2 billion in investments announced on Wednesday by Saudi Arabia includes support for eight companies across various sectors. The goal of the Shareek program is to help Saudi Arabia's private sector unlock its full potential and grow the economy by 2040. Saudi Aramco is among the companies receiving support and is set to accelerate five projects to create more than 10,000 jobs. Riyad Bank reports that non-oil private sector firms in Saudi Arabia are feeling more confident, with the PMI rising for the 29th straight month in January.

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