‘Greater efforts needed’ for Saudization of media

Updated 11 December 2012

‘Greater efforts needed’ for Saudization of media

Saudi Arabia is leading Arab states in media investments, said Abdullah Al-Jaser, undersecretary of the Ministry of Culture and Information, at the concluding session of the media forum that was held at the Riyadh Chamber. He added the advertising market in the Kingdom is huge and attractive to investors.
The Ministry of Culture and Information approved the forming of a joint committee between the ministry and the chamber, to follow up on the implementation of the forum’s recommendations and to investigate the obstacles investors are facing.
Although there are a number of media and advertising firms that were granted licenses to work, they are still not functioning properly, Al-Jaser said, explaining that none of the licenses will be renewed until after field visits by the ministry officials to check on their work.
Al-Jaser said the Saudization of the media industry requires greater efforts to compensate for the shortage in qualified national personnel, in addition to the lack of a media-training center. He pointed out that the ministry is formulating plans to alleviate this problem in cooperation with the Prince Ahmad bin Salman Applied Media Institute.
Abdulrahman Al-Hazza, president of the Radio and Television Corporation, said the corporation’s utmost priority is to open opportunities for private broadcasting firms. He said technical, environmental and organizational framework problems have already been resolved.
The forum discussed a number of papers that addressed topics such as the challenges facing advertising companies, eliminating anti-trust and the opportunities in the media market. Speakers at he forum said the suggested recommendations would promote development, security and eliminate unemployment. They also stressed the fact that the media industry will flourish only when the problems related to the infrastructure and legal environment are addressed.

Green light for crown prince-led Saudi privatization program

Updated 25 April 2018

Green light for crown prince-led Saudi privatization program

  • The Privatization Program is one of 12 key elements of the Saudi Arabia’s Vision 2030
  • The program is aimed at increasing job opportunities for Saudi nationals

RIYADH: Saudi Arabia’s Council of Economic and Development Affairs on Tuesday approved the Privatization Program that is one of 12 key elements of the Kingdom’s Vision 2030. 

The program is aimed at increasing job opportunities for Saudi nationals, attracting the latest technologies and innovations, and supporting economic development.

It encourages both local and foreign investment in order to enhance the role of the private sector, with government entities adopting a regulatory and supervisory role. The aim is to increase the private sector’s contribution to GDP from 40 percent to 65 percent by 2030. 

The program will aim to reach its objectives through encouraging the private sector to invest in establishing new schools, universities and health centers, while the government pursues its organizational and supervisory role in health and education.

The privatization program aims to benefit from previous success stories, with the private sector’s collaboration in the development of infrastructure, and its involvement on a large scale in sectors such as energy, water, transport, telecommunications, petrochemicals and finance.

The program sets out a series of objectives in three areas: Developing a general legal framework for policies related to privatization; establishing organizational foundations and dedicated institutions to execute the policies; and setting a timescale for their delivery. 

The Council of Economic and Development Affairs is headed by Crown Prince Mohammed bin Salman.