Saudi Shoura Council sees importance of voluntary work in community

Shoura Council in progress. (File photo)
Updated 22 February 2018
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Saudi Shoura Council sees importance of voluntary work in community

RIYADH: The Committee of Social Affairs, Family and Youth at the Shoura Council has called for the approval of a draft voluntary work proposal.
Having listened to the report in their 20th ordinary session on Wednesday, a number of members supported the proposal and its importance to the community.
In another decision, the Council asked the Saudi Red Crescent Commission (SRCC) to coordinate with the private health sector in finding a joint work mechanism when providing emergency services and providing suitable insurance coverage for emergency vehicles to ensure quality services.
The Council further called for the appointment of a specialized and neutral agency to evaluate the efficiency of the SRCC’s structural, financial and technical elements in order to properly carry out its duties.
Later, the Council listened to a report presented by the House Committee of Transport, Communications and Information Technology based on the annual report of the Transport Ministry. The members asked the ministry to explain the reasons behind the rapid deterioration of roads, and suitable solutions for this situation. The members also asked the ministry to include in its upcoming reports safety initiatives to minimize deaths arising from road accidents.
In another decision, the Council asked the Royal Commission of Jubail and Yanbu (RCJY) to assess the economic impact of its investments in terms of income and employment in its industrial cities.
After deliberations on a report presented by the House Committee of Hajj and Housing on the annual report of the RCJY, one member asked for a proper assessment of the RCJY investments that will allow independently fixing the profitability of each project.


Major projects, investments worth over $685bn unveiled on Saudi National Day

A photo taken on July 5, 2018, shows Bader al-Ajmi, 38,(L) owner of "One Way Burger" serving customers from his truck at a main street in the capital Riyadh. (AFP)
Updated 22 September 2018
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Major projects, investments worth over $685bn unveiled on Saudi National Day

  • The private sector’s contribution to the GDP at constant prices doubled to around SR1236.6 million in 2017

JEDDAH: A major economic boost in the form of 10 major projects and investments exceeding SR685 billion ($183 billion) were unveiled as celebrations of the 88th Saudi National Day got under way.
The Council of Saudi Chambers released a report focusing on great economic achievements in 2017.
These projects reflect the Kingdom’s vision under the wise leadership of King Salman and that of Crown Prince Mohammed bin Salman to provide a brighter future through diversifying sources of national income, tackling environmental challenges and increasing investment and prosperity.
The report summarized the most important events and economic developments in the Kingdom over the past year. These include the lifting of the ban on women driving in June, and the establishment of the General Authority for Cyber Security, in addition to the numerous royal decrees providing financial support to Saudis.
It also noted the important decisions related to the Saudi business sector. These include the launch of a private sector incentive program with a value of SR72 billion, the privatization of 10 government sectors and the establishment of the General Authority for Real Estate. The private sector is still showing a strong performance as an efficient partner in the inclusive development process and in the achievement of the Kingdom’s 2030 Vision, the report noted, as it contributes 39 percent to the Saudi gross domestic product (GDP).
The private sector’s contribution to the GDP at constant prices doubled to around SR1236.6 million in 2017. There has been increased contribution to GDP from non-oil private sector streams.
The private sector also witnessed an increase in the number of workers, in its capital, in the number of shares on the Saudi market, in the cumulative number of establishments operating in the Kingdom, and in non-oil exports.
Continued growth of the private sector was attributed by the report to the Saudi government’s support. This support comes through initiatives such as the removal of obstacles to financial development, improvements to the working environment and policies adopted to boost investment.
It also reviewed the private sector’s efforts to support diversification of the economy and lower unemployment rates.
The importance of the measures taken to prioritize the employment of qualified Saudi workers over the employment of expatriates in the private sector were stressed, as well as the sector’s role in providing education and health services.