RIYADH: Saudi Arabia has announced the launch of the Social Infrastructure Financing Program, a strategic initiative to boost private sector investment in the Kingdom’s healthcare and education sectors.
The program was unveiled on Dec. 9 under the patronage of Minister of Economy and Planning and National Infrastructure Fund Board Chairman Faisal Alibrahim during the three-day Momentum 2025 conference, organized by the National Development Fund.
SIFP is a strategic initiative designed to catalyze private-sector investment in the Kingdom’s healthcare and education sectors.
The program supports the realization of Saudi Vision 2030 objectives, increasing private sector contribution to gross domestic product from 40 percent to 65 percent, while directly supporting sectoral ambitions to raise private sector participation in healthcare to 32 percent, and student enrollment in private schools to 25 percent by 2030.
Developed in close collaboration with the Ministry of Health, the Ministry of Education, and the Education and Training Evaluation Commission, the program enables the private sector to expand its role in priority sectors while enhancing the quality, accessibility, and diversity of services provided.
