World Bank official: Saudi fight against corruption ‘important for development’

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Crown Prince Mohammed bin Salman is spearheading an ambitious reform plan for Saudi Arabia. (Reuters)
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Hafez Ghanem, the vice president of the World Bank for the Middle East and North Africa, said the first step for fighting corruption was to ensure transparency. (Reuters)
Updated 12 November 2017

World Bank official: Saudi fight against corruption ‘important for development’

LONDON: Fighting corruption is key to Saudi Arabia’s development, a senior World Bank official said as he welcomed the raft of reforms underway in the Kingdom.
Hafez Ghanem, vice president of the World Bank for the Middle East and North Africa, told Arab News that anti-corruption drives were important to a country’s future development.
“Fighting corruption is important for development, it is an important part of the Vision 2030,” he said, making reference to the ambitious reform plan spearheaded by Crown Prince Mohammed bin Salman.
Areas in which the World Bank has worked with Saudi Arabia include transparency of procurement systems.
“The first step for fighting corruption is to ensure transparency; if you’re going to fight corruption you have to have a transparent system — people should be able to see what is going on. So we work with the government of Saudi Arabia on its budget system to make sure that it is transparent,” he said.
“It is very important also to work on the public procurement system, to make sure (it is run) in a transparent way and also in a competitive way. And there is a level playing field.”
Ghanem said the World Bank had been providing an increasing level of technical assistance in support of the Vision 2030 plan.
“We provide support to the social sectors — education, health, labor, social protection and so on. We provide support to sustainable development and infrastructure support, to economic management and fiscal policy and also we provide support to capacity building to improve accountability and fight corruption.
“From our position this entire Vision 2030 reform program is very ambitious, very dynamic, very important … we at the World Bank are strongly supportive of it.”
Ghanem praised the “exciting” Vision 2030 plan and pointed to the speedy pace of reforms in the Kingdom.
“One important indicator is what we call the ‘Doing Business’ indicators that the World Bank publishes every year and the one that we just published two weeks ago showed that Saudi Arabia is among the top 20 reformers in the world and the second best reformer among high income and G-20 countries,” he said.
“It shows the speed of change which is really commendable. Given from where Saudi Arabia started, that is an amazing outcome.”
The Kingdom has embarked on a wide anti-corruption drive, with 208 individuals having been called in for questioning, as authorities said at least $100 billion of funds have allegedly been misused. Seven of those individuals were later released.
Ghanem declined to comment on ongoing legal proceedings or specific cases in the Kingdom.

Jeddah Season provides seasonal employment for young Saudis

Updated 18 June 2019

Jeddah Season provides seasonal employment for young Saudis

JEDDAH: The Jeddah Season festival has provided a wide range of seasonal employment opportunities for young Saudi men and women, helping them gain experience and prepare them to enter the job market.

More than 5,000 young Saudis are working around the clock, each in his or her field, to manage the festival’s activities.

The festival aims to highlight development opportunities in Saudi Arabia, introduce the Kingdom as one of the most popular tourist destinations in the world, support the government’s efforts to empower Saudi youths, support local small and medium enterprises, develop Jeddah’s tourism sector and provide volunteer opportunities.

Jeddah Season, which began on June 8 and runs until July 18, has attracted thousands of visitors of all ages through its 150 local and international events and activities.

It is being held at five sites: King Abdullah Sports City, Al-Hamra Corniche, the Jeddah Waterfront, Obhur and Historic Jeddah (Al-Balad), which is a UNESCO World Heritage Site.

Jeddah Season offers a wide range of tourism, entertainment and cultural events and activities, and sheds light on the city’s status as the Kingdom’s tourism capital. Most of its events are being held for the first time in Saudi Arabia.

Jeddah Season is in line with the Vision 2030 reform plan, which aims to advance the welfare of Saudi society, diversify local development opportunities, improve the Kingdom’s contribution to arts and culture, and create job opportunities for Saudi youths.