Private sector views on Vision 2030 sought

RIYADH: The Ministry of Commerce and Investment (MCI) launched a follow-up to the 2030 program on Monday.

It will, in association with the private sector and businessmen, share views and suggestions regarding the challenges facing trade and investment and will seek to find ways and means of developing them according to Saudi Vision 2030.
According to an official from the MCI, the ministry believes in the importance of increasing partnership with the private sector as a contributor to the growth of the local economy and providing an inviting and motivating investment environment to support nationalyzing programs.
The idea is to ensure the importance of the private sector in the developmental process and to achieve prosperity for the well-being of the citizens.
The most significant objective of Vision 2030 is to increase the private sector contribution to the gross domestic product from 40 to 65 percent.
To achieve the principle of transparency and participation, the ministry called on businessmen and interested investors to share their views and suggestions regarding trade and investment challenges via e-mail: partnership2030@mci.gov.sa
Launching the 2030 program, Deputy Crown Prince Mohammed bin Salman said it was an ambitious yet achievable blueprint, which expresses our long-term goals and expectations and reflects our country’s strengths and capabilities.
The deputy crown prince said: “We are determined to reinforce and diversify the capabilities of our economy, turning our key strengths into enabling tools for a fully diversified future. As such, we will transform Saudi Aramco from an oil-producing company into a global industrial conglomerate. We will transform the Public Investment Fund into the world’s largest sovereign wealth fund. We will encourage our major corporations to expand across borders and take their rightful places in global markets.”