Crown Prince launches $3.2tn program to boost Saudi private sector

Saudi Arabia’s Crown Prince Mohammed bin Salman announced Tuesday the launch of a new program to strengthen the partnership with the private sector in the Kingdom. (SPA)
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Updated 31 March 2021

Crown Prince launches $3.2tn program to boost Saudi private sector

Crown Prince launches $3.2tn program to boost Saudi private sector
  • New program for investment partnership with state

RIYADH: Saudi Arabia launched an ambitious 12 trillion riyal ($3.2 trillion) program on Tuesday to boost the role of the private sector in diversifying the economy, increasing resilience and supporting sustainable growth.

Under the new Shareek program, private sector businesses will be helped to invest 5 trillion riyals between now and 2030, along with 3 trillion riyals from the country's sovereign wealth fund, the Public Investment Fund (PIF), and 4 trillion riyals as part of a new national investment strategy, Crown Prince Mohammed bin Salman said.

“Building a vibrant and prosperous private sector is one of the national priorities for the Kingdom, and that is why we are today inaugurating a new and more powerful era in terms of cooperation and partnership between the government and private sector,” the crown prince said.

“The new Shareek program will help the private sector create hundreds of thousands of new jobs and will boost the contribution of the private sector to GDP by up to 65 percent by the end of the decade as part of the goals of Vision 2030.”

The crown prince said the significance of the Shareek program was not limited to enhancing the private sector’s role in the sustainable growth of the national economy. “We see it as a long-term investment in the Kingdom’s future and prosperity, based on stronger collaboration between the public and private sectors.”

The program is expected to contribute to the continued progress of the Saudi economy's ranking among the largest global economies, with the goal of rising to 15th from its current position of 18th, alongside enhancing confidence in the Kingdom’s investment ecosystem.

Companies that qualify for participation in Shareek will work closely with the relevant government ministries to create tailored investment plans, which will then be fast-tracked to completion. Each project will be monitored to ensure it provided benefits in GDP contribution and job creation.

Saudi Finance Minister Mohammed Al-Jadaan said the program was “yet another way the government is working in partnership with the private sector to accelerate the sustainable growth of our economy in a balanced way that benefits the economy, the citizens and the companies involved.”

The new program was also welcomed on Tuesday by Kirill Dmitriev, chief executive of the Russian Direct Investment Fund, the country’s sovereign wealth fund. He said it was “an important initiative by the Kingdom to strengthen partnership with the private sector that will attract additional capital into the Saudi economy and ensure further growth and prosperity.”


‘Let’s Make it Green’ campaign plants 10 million trees across Saudi Arabia

The campaign focused on planting native tree species which have adapted to Saudi Arabia’s environment and require limited irrigation. (Supplied)
The campaign focused on planting native tree species which have adapted to Saudi Arabia’s environment and require limited irrigation. (Supplied)
Updated 23 April 2021

‘Let’s Make it Green’ campaign plants 10 million trees across Saudi Arabia

The campaign focused on planting native tree species which have adapted to Saudi Arabia’s environment and require limited irrigation. (Supplied)
  • Efforts will continue to plant more trees, in line with the ‘Green Saudi’ and ‘Green Middle East’ initiatives

RIYADH: A campaign to plant 10 million trees in 165 sites across the Kingdom to develop vegetation cover and limit desertification has been successfully completed.

The Ministry of Environment, Water and Agriculture and the National Center for Vegetation Cover announced the success of the “Let’s Make it Green” campaign that was launched in October 2020. 

The campaign covered all of the Kingdom’s 13 provinces. The Eastern Province topped the list with more than 2.6 million trees planted, followed by more than 2.1 million in Madinah, over 1.3 million in Makkah, around 1 million in both Jazan and Riyadh, 462,000 in Qassim, and 270,000 in Asir.

Baha reached nearly 300,000, and more than 142,000 trees were planted in the Northern Border, followed by Jouf with more than 113,000, then Hail with about 85,000, Tabuk with over 75,000, and finally Najran with nearly 52,000 trees.

The campaign focused on planting native tree species which have adapted to Saudi Arabia’s environment and require limited irrigation. (Supplied)

The CEO of the center, Dr. Khaled Al-Abd Al-Qader, said that the campaign planted endangered trees and shrubs in areas that were environmentally degraded due to overgrazing, logging, uprooting, and urban sprawl.

“The campaign focused on planting native tree species which have adapted to Saudi Arabia’s environment and require limited irrigation,” he added.

The ministry ensured that the campaign was aligned with sustainability and water conservation requirements and by using treated wastewater or seawater for irrigation, in line with the best international practices.

The center and ministry worked in cooperation with various governmental authorities, private sector organizations, environmental associations, and community groups.

Minister of Water, Environment and Agriculture Abdul Rahman Al-Fadli said: “What we have accomplished is the result of the support and directions of the Saudi leadership to make the Kingdom a pioneer in protecting the Earth, achieve the international objectives in protecting the environment, increase the vegetation cover, reduce carbon emissions, combat pollution and land degradation, and preserve marine life.”

Efforts will continue to plant more trees, in line with the “Green Saudi” and “Green Middle East” initiatives, he added.

Al-Qader said that the “Let’s Make it Green” campaign has recovered biodiversity, rehabilitated degraded vegetation cover sites, promoted positive behaviors to preserve the nation’s environment and improve the quality of life in Saudi Arabia.


Volunteers in Asir donate 2 million hours of their time

Volunteers in Asir donate 2 million hours of their time
Updated 23 April 2021

Volunteers in Asir donate 2 million hours of their time

Volunteers in Asir donate 2 million hours of their time

MAKKAH: More than 11,000 volunteers in Asir region have donated more than 2 million hours of their time as part of an initiative that aims to encourage people to get involved in their communities, in particular with efforts to tackle the effects of the coronavirus pandemic.

The Nashama Asir initiative was launched last Ramadan to boost voluntary work and raise awareness in the region of its importance, in support of government efforts to increase participation.

“It was launched by the Coronavirus Crisis Management Chamber in Asir, under the leadership and vision of Asir Gov. Prince Turki bin Talal,” Nasser Qmeshan, who is supervising the initiative, told Arab News.

“It came as a response to the significant societal readiness to assist the government in its efforts to address the coronavirus pandemic and its repercussions.”

It was necessary to develop a strategy, identify targets and set up a mechanism to ensure the efficient implementation of the project, he added. The strategy that was developed by the chamber included a vision for the initiative, specific fields of work, and clear goals.

“Those able to provide ideas, financial support or volunteer services in certain health, economic and social fields can apply through the initiative’s website,” said Qmeshan. “The site was visited by about 4,000 people in the first week after the initiative was announced.”

“Hundreds of activities not requiring assistance — such as financial support, in-kind support and physical preparation — were referred to the bodies that would directly benefit from them,” said Qmeshan.

“As for those that required assistance, a project was set up, partners were identified and approached, an action plan was developed, and standards were set along with performance indicators and launch mechanisms.”

HIGHLIGHT

  • The Nashama Asir initiative was launched last Ramadan to boost voluntary work and raise awareness in the region of its importance, in support of government efforts to increase participation.
  • Specific projects included the provision of quarantine facilities, hygiene tools, and food baskets for families and employees who were struggling as a result of the pandemic, along with fundraising support.

Specific projects included the provision of quarantine facilities, hygiene tools, and food baskets for families and employees who were struggling as a result of the pandemic, along with fundraising support.

In response to the initiative 11,077 people volunteered to help and so far they have carried out 2,008,841 hours of work.

Some of the activities were technical in nature, Qmeshan said, such as one “where a qualified group of young Saudi volunteers helped with maintenance work at family homes during the lockdown period.

“The requests for this service were processed automatically and the service was provided free of charge, while taking into consideration all precautionary health measures,” he added.

The initiative also helped to improve awareness of health and security issues among the residents of Asir region. Announcements and advice from the health and security authorities were translated into a number of languages, for example, and volunteers supported the work of the healthcare sector by highlighting the importance of social distancing and other precautions to slow the spread of the disease. They also provided healthy meals for workers during Ramadan, along with other types of community assistance.

Another project is helping municipalities implement pandemic precautions in markets and shopping centers. “The implementation of this project will start with the reopening of markets by the end of the holy month of Ramadan,” said Qmeshan.

A specialized, medical-manufacturing project was proposed to develop and manufacture spare parts for ventilators, along with various types of protective equipment, using 3D printers in engineering laboratories at King Khalid University.

Qmeshan said that dozens of officials and tribal delegations, including princes, ministers, tribal sheikhs and social figures, have visited the initiative’s operations center.


83 Jeddah outlets shut for COVID-19 breaches

83 Jeddah outlets shut for COVID-19 breaches
Updated 23 April 2021

83 Jeddah outlets shut for COVID-19 breaches

83 Jeddah outlets shut for COVID-19 breaches

JEDDAH: Authorities in Jeddah have shut down 83 commercial outlets for breaching coronavirus disease (COVID-19) protocols.
Municipalities in the Kingdom have stepped up their efforts to ensure compliance with COVID-19 safety measures designed to protect public health.
The municipality of Jeddah governorate carried out 4,166 inspection tours of commercial centers and facilities and identified 116 violations for issues related to overcrowding and the failure to effectively use the Tawakkalna app. Authority officials in the Red Sea port city urged people to report any suspected breaches of COVID-19 regulations to the 940 call-center number.


KAICIID-organized forum of experts look to counter hate speech in Europe

KAICIID-organized forum of experts look to counter hate speech in Europe
Updated 23 April 2021

KAICIID-organized forum of experts look to counter hate speech in Europe

KAICIID-organized forum of experts look to counter hate speech in Europe

RIYADH: The King Abdullah bin Abdul Aziz International Center for Interreligious and Intercultural Dialogue (KAICIID) organized an expert forum on combating hate speech in collaboration with religious institutions and other organizations.
The meeting was held in cooperation with the European Council of Religious Leaders, the Religions for Peace in Europe, and the OSCE Office for Democratic Institutions and Human Rights.
The consultation aimed to explore pathways and efforts to combat hate speech in Europe by strengthening ties between religious and political entities and civil society.


Saudi aid agency KSrelief delivers 423 tons of dates to WFP in Jordan

Saudi aid agency KSrelief delivers 423 tons of dates to WFP in Jordan
Updated 23 April 2021

Saudi aid agency KSrelief delivers 423 tons of dates to WFP in Jordan

Saudi aid agency KSrelief delivers 423 tons of dates to WFP in Jordan

AMMAN: The King Salman Humanitarian Aid and Relief Center (KSrelief) delivered 423 tons of dates to the UN World Food Programme (WFP) headquarters in Jordan. 
Saudi Ambassador to Jordan Naif bin Bandar Al-Sudairi signed the shipment’s memorandum of delivery that was received by Alberto Correia Mendes, the WFP’s regional director.
Al-Sudairi said that the KSrelief donation to the WFP is part of the Kingdom’s commitment to its international obligations to support the needy wherever they are, noting that this project comes in continuation to the support provided by the Kingdom to its brothers in Jordan.