2 cops slain as gunmen loot money transfer car

Updated 01 February 2016
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2 cops slain as gunmen loot money transfer car

JEDDAH: Two security men were killed on Sunday morning when they tried to foil an armed robbery on a money transfer car in Sihat, Qatif, the media spokesman of the Eastern Province police said.
The culprits snatched SR1 million from the car and fled, the spokesman said. He explained that when one of police patrols was undertaking its normal duty of following up a money transfer car in Sihat town, unidentified gunmen opened fire on the security men killing security patrol commander Sergeant Shuja Ali Al-Shummari and his companion Vice Sgt. Osman Shaim Al-Rashidi.
An investigation has been launched into the case.
It is to be recalled that the terrorist gangs in Qatif have in the past carried out theft and armed robbery operations to fund their terrorist operations targeting security men and citizens.
In an earlier statement, the Ministry of Interior said the number of armed robberies in the Kingdom reached 106 in 1435 H, or 0.36 crimes for each 100,000 of the population. The number of armed robberies in Qatif was the highest at 4.7 crimes for each 100,000 persons.


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.