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Saudi Arabia aims to boost private sector to achieve Vision 2030

11 May 2017

(MENAFN) Saudi Arabia’s government is aiming to enhance the private sector’s contribution to GDP from 40 percent to 65 percent, which will be achieved amid increasing the use of public-private partnerships (PPPs).

Additionally, with billions of dollars, worth of investment required to meet the goals of the Vision 2030, the private sector will play a major role in receiving vital infrastructure and services.

Accordingly, PPPs reduce the requirement for capital costs, cutting pressure on government budgets and also permits risk transfer.

Moreover, the kingdom’s airport company, General Authority for Civil Aviation was a prime example of this, with the government aviation body ready to split into two.

MENAFN1105201700450000ID1095468837

MENAFN1105201700450000ID1095468837

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