Crown prince attends funerals of Prince Turki, Princess Seeta

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Updated 27 December 2012
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Crown prince attends funerals of Prince Turki, Princess Seeta

Crown Prince Salman, deputy premier and minister of defense, senior Cabinet members and large number of princes and officials attended the funerals of Prince Turki bin Sultan, deputy minister of culture and information for media affairs, and Princess Seeta, mother of Asir Gov. Prince Faisal bin Khaled, at Imam Turki bin Abdullah Mosque here yesterday.
Sheikh Abdul Aziz Al-Asheikh, grand mufti, led the funeral prayers for both Prince Turki and Princess Seeta, which were attended by a large number of people, including Makkah Gov. Prince Khaled Al-Faisal, Eastern Province Gov. Prince Muhammad bin Fahd and Culture and Information Minister Abdul Aziz Khoja.
Later, Crown Prince Salman, Prince Khaled bin Sultan, deputy defense minister, Prince Fahd bin Sultan, governor of Tabuk, Prince Faisal, governor of Asir, and other close relatives received condolences from princes, senior officials and others on the death of Prince Turki and Princess Seeta.
Prince Turki, 53, who had held important positions at the Ministry of Culture and Information, died on Tuesday. He was general supervisor of Saudi sports channels.
Princess Seeta bint Fahd Al-Damir, 90, also died on Tuesday.


Green light for crown prince-led Saudi privatization program

Updated 25 April 2018
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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.