Saudi Arabia's private debt market is experiencing significant growth, with eight active funds targeting to raise over $1.77 billion in capital by the third quarter of 2024. This growth is driven by a rise in investor confidence, with 97 percent of Middle East-based institutional investors viewing the Kingdom as the most promising market for private debt. The report highlights the increasing interest from both regional and global investors, fueled by the positive outcomes of the Kingdom's Vision 2030 reforms. Private debt funds focused on Saudi Arabia raised a record $335 million in total capital in 2022, a sharp rise from previous years.