Crane crash probe enters final stage

Updated 10 November 2015
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Crane crash probe enters final stage

JEDDAH: Investigators of the Grand Mosque crane crash have achieved a major breakthrough and those responsible for the incident will be put on trial, local media reported on Sunday.

Among those questioned were engineers and project managers. The engineering department of the General Presidency of the Two Holy Mosques will also have to submit a report on the crane, sources were quoted as saying. The crash, days before the Haj season began this year, claimed 111 lives and injured 238.
The chief prosecutor summoned experienced engineers in the field of urban construction to be familiarized with more details on the crane, its use and the safety measures required.
He is due to prepare the indictment against those found guilty of dereliction of duty and submit it to the specialist court seeking their trial.
The Saudi Binladin Group will be committed to the ruling in this regard, according to the Royal Decree, the sources said.
Custodian of the Two Holy Mosques King Salman ordered massive payouts for the families of those killed and injured in the tragedy.
According to preliminary investigations, the main cause of the crane crash was strong winds and wrong position of the crane.


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.