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Al-Skeet: We will continue to offer solutions and encourage the private sector to lead economic growth

5/23/2017
23 May 2017
​​​Head of the Local Content and Private Sector Development Unit at the Council of Economic Affairs and Development, Advisor to the General Secretariat of the Council of Ministers, HE Mr. Fahad Al-Skeit, stated that the participation between the private and public sectors had entered a new and important phase. In his speech to participants in the workshops to stimulate private sector growth, Riyadh, yesterday, and implemented by the local content and private sector development unit, Namaa, the extent of the Kingdom's dependence on this type of partnership, stressing the continuation of Namaa in direct communication with the private sector which contributed to providing inspiring ideas during the workshops. Minister of Labor and Social Development HE Dr. Ali Al-Ghafees, Governor of the General Authority for Small and Medium Enterprises Dr. Ghassan Al-Sulaiman, Governor of the General Authority for Investment HE Ibrahim Al-Omar, Director General of Human Resources Development Fund Dr. Saleh Al-Amro, Omar Batati.

"We have deepened the challenges we have heard, discussed solutions and updated our ideas. We will not stop here. We will continue to institutionalize the workshops, as you have suggested," said the head of the Local Content and Private Sector Development Unit at the Economic Affairs and Development Council, we continue to offer solutions and analyze ideas. "

On the other hand, the Minister of Labor and Social Development, HE Dr. Ali bin Nasser Al-Ghafais, said in his speech before the workshop that all initiatives and outputs of the workshops would be of interest and attention and further work towards implementation between the Ministry of Labor and Social Development and the executive ministries. The Ministry of Labor and Social Development and the government partners of the Ministry to work on finding the incentives that will enable the private sector to work by the objectives of the vision of the Kingdom 2030 and the National Transition Program 2020. Dr. Al-Ghafis explained that the Ministry is a strategic partner for the full implementation of these initiatives, as well as all institutions headed by the Minister of Labor and Social Development and their governing bodies.

Workshops to stimulate private sector growth to stimulate economic activity and expand private sector participation as one of the objectives of the Kingdom's Vision 2030, the activities of the private sector, which focused on small and medium enterprises, And the challenges facing the private sector.

 100 workshops were held to take the views of the private sector in three Saudi cities, Riyadh, Jeddah and Dammam. More than 1,300 ideas were presented as possible solutions for six challenges. Participants discussed more than 60 initiatives involving 11 government entities. More than 700 participants from both sexes participated and representatives of the private sector in the presence of some ministers concerned with stimulating the private sector.
On the other hand, the sessions of the workshops were attended by a large number of executive heads of companies, with 72% of the total participants in the private sector, while the category of managers reached a high level of 28%, representatives of small and medium enterprises registered 47% 53%, while women's participation was 24% compared to 76% for men. Riyadh achieved the highest participation of 54%, followed by Dammam with 24% and Jeddah with 22%.

Participants from the private sector and through the workshop evaluation stated that the content discussed in the workshops was appropriate for the development of the private sector. The participants in the evaluation were confident that the workshops would achieve positive results that would be reflected in private sector growth and contribute to economic growth.​