21 Iranian intruders arrested

Updated 05 January 2013
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21 Iranian intruders arrested

DAMMAM: Alert members of the Saudi Coast Guard foiled an attempt of a group of Iranians to enter the Kingdom. They arrested 21 Iranian nationals on Wednesday who were trying to sneak into Saudi Arabia on two separate boats.
Khaled Al-Arqubi, a spokesman for the Coast Guard Command in the Eastern Province, told Arab News yesterday that the naval patrol intercepted two Iranian boats in the Saudi territorial waters near an island called Harqous, located about 42 miles off Al-Khafji coast.
“One boat had 12 people, while the other one was carrying nine people. All of them are Iranian nationals,” said Al-Arqubi. “We did not find any weapons on them, but the investigations are on, and they are being interrogated,” he added.


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.