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The 13 ‘Programs’ in Saudi Arabia’s Vision 2030
- April 27,2016
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- Lucien Zeigler and Richard Wilson
Saudi Arabia’s Vision 2030 document, released on Monday April 25th, provides an ambitious roadmap for significant changes to the Kingdom’s economy and society over the next 15 years. The document highlights three general themes: a “vibrant society“, a “thriving economy“, and an “ambitious nation,” under which the document makes commitments to achieve progress on both […]
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Full Text: Saudi Arabia’s ‘Vision 2030’ National Transformation Program
- April 26,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman, who is chair of the Council of Economic Development Authority (CEDA) and Minister of Defense presented the much-anticipated ‘Vision 2030’ framework of new policies to be pursued by the Saudi government. Here’s the full text of his presentation, as well as the Vision 2030 roadmap itself. The […]
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Council of Economic and Development Affairs Approves Over 130 Reforms to Evolve Saudi Arabia’s Economy
- March 23,2016
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- SUSTG Team
Saudi Arabia’s most influential economic policy-making body has approved 133 recommendations on improving the competitiveness of the Kingdom’s economy, which will be announced within the next six months. Saudi Arabia’s Council of Economic and Development Affairs (CEDA) – the main economic policy making agency which includes 22 key ministers and his chaired by Deputy Crown […]
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Surge in Flights from Saudi Airports as Kingdom’s Aviation Sector Booms
- March 15,2016
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- Lucien Zeigler
Saudi Arabia’s airports have seen a “substantial growth in international traffic” as the number of international flight services from the Kingdom’s airport surges 50% since last year. The number of international flight services from the domestic airports jumped by 51.5 percent to 26,361 at the end of 2015 from 17,405 in 2014, according to a […]
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Saudi Arabia Eyes Privatization of Power, Opening Opportunities for International Power Companies
- March 4,2016
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- SUSTG Team
Saudi Arabia is heading towards privatizing the electricity sector and “shifting towards solar and alternative energy in the framework of its efforts to reduce the use of fossil fuels in production rates,” according to a report in Asharq Al-Awsat citing “informed sources.” The Saudi Electricity Company plans to “split into four units with local and […]
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IMF Backs Saudi Cuts, Puts Saudi Growth Forecast at 1.2 Percent in 2016
- January 20,2016
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- SUSTG Team
The “new reality” of lower crude prices means governments in the Gulf – and especially Saudi Arabia – are right to cut spending to reflect this new fiscal reality, the IMF said. The IMF slashed its forecast for growth in Saudi Arabia, as it blamed the slowing Chinese economy, the collapse in oil prices and […]
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‘Major Economic Shake-Up’ In the Works for Saudi Arabia
- December 21,2015
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- SUSTG Team
Saudi Arabia’s deputy crown prince Mohammed bin Salman, Minister of Defense and chair of the powerful Council of Economic and Development Affairs, is planning a major economic shake-up that involves “plans to reshape the economy to withstand low oil prices,” sources told Reuters privately. The strategy includes state spending reforms and privatizations. Bloomberg reports that Saudi officials […]
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An Interview with Abdulaziz Alhazmi, COO and Acting Director General of Saudi Arabian Airlines (Saudia)
- June 30,2014
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- Richard Wilson
On the eve of the 2014 Saudi Arabian Cultural Mission (SACM) Career Fair and Graduation Ceremony last week, I sat down with Abdulaziz Alhazmi, COO and Acting Director General of Saudi Arabian Airlines (Saudia). Saudia is a major sponsor of these events and Mr. Alhazmi was in Virginia to personally congratulate the 12,500 Saudi students […]
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FocusKSA: An Interview with Abdulaziz Alhazmi, COO and Acting Director General of Saudi Arabian Airlines (Saudia)
- June 4,2014
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- Richard Wilson
On the eve of the 2014 Saudi Arabian Cultural Mission (SACM) Career Fair and Graduation Ceremony last week, I sat down with Abdulaziz Alhazmi, COO and Acting Director General of Saudi Arabian Airlines (Saudia). Saudia is a major sponsor of these events and Mr. Alhazmi was in Virginia to personally congratulate the 12,500 Saudi students […]
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RUH -> LAX: Saudia Expands Nonstop Portfolio to Los Angeles, California
- October 10,2013
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- Lucien Zeigler
Saudia, formerly known as Saudi Arabian Airlines, announced recently that it would begin nonstop flights from Los Angeles, California to Riyadh, Saudi Arabia, starting in April 2014. The announcement was advertised to attendees of the U.S.-Saudi Business Opportunities Forum in Los Angeles, where Saudia had a physical presence to make the attendees aware of the […]
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MUST-READS
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Saudi FootballSoccer Privatization: A Template For Saudi Reform
The effort to clean up the sports sector follows the rare admission earlier this year of a match-fixing scandal as well as a financial crisis that offered a glimpse of the daunting task and pitfalls involved in Prince Mohammed’s reform plan.
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PrivatizationOpportunities, challenges facing privatization in GCC
Our analysis suggests that the privatization of 25 percent of government-owned assets, or equivalent to a quarter of government entities, is an achievable target for GCC governments over a 15 year period.
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Council of Saudi Chambers of CommerceSaudi Chambers of Commerce to Boost Private Sector Role in Privatization Program
Saudi Chambers of Commerce and Industry are working towards the establishment of a proper mechanism to integrate private sector companies into privatization programs launched by the Kingdom within the framework of Saudi Vision 2030.
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DesalinationSaudi Water Desalination Makes First Privatization Step
Dammam-Saudi Arabia needs investments worth USD53.3 billion in the water sector till 2025, to cope with the population growth and the increased demand for desalinated water.
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Private SectorIs Privatization in the Future of GCC Countries?
Privatization appears to be slowly rearing its head in the region again, mostly in the economic plans of the GCC countries and in Egypt. To be clear, this is not because attitudes have changed.
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SAGO PrivatizationSaudi Arabia: SAGO and PIF Join in Review for Privatization
SAGO, Saudi Grains Organization, and the Public Investment Fund (P I F) are currently studying the timeline plan on sector privatization. Mechanisms on sector privatization by private sector companies in partnership with specialized food industry establishments are also being studied.
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Oil ExportsPrivatization of Saudi Aramco: A Path to Good Governance?
Saudi citizens would not begrudge proper salaries for the princes and princesses who work in the various ministries and the numerous princes in the security services and armed forces. On the other hand, the public may object strongly to stipends paid to the many princes and princesses not directly employed by the state or stipends paid in addition to their normal salaries as civil servants.
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Saudi AirportsSaudi Hubs Readied for Privatization With Riyadh Lead Contender
“With a lot of their airport infrastructure built in the 1990s they are looking to refresh and rebuild their terminals,” Burns said. “The government is looking to share some of that risk.”
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OmanOman announces 2015 budget with 8 % deficit, slant on infrastructure, privatization
The Omani Ministry of Finance said in a statement that the general budget for the fiscal year 2015 is estimated as general expenditure at 14.1 billion Omani riyals (Dh 134.5 billion), an increase of 4.5 per cent from the expenditure estimations of last year’s estimates.
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