Ministry Initiatives

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​ MEP Objectives and performance indicators
Strategic Objective (1)Privatize some government services and assets​
Relevant Vision 2030 Objectives​​​
Expand privatization of governmental services

Achieve budgetary balance​

Key Performance IndicatorsBaseline2020 TargetUnitRegional BenchmarkInternational Benchmark
Total revenue resulting from privatization projects
Calculation In ProgressUnder StudyUnder StudyNot ApplicableNot Applicable

Strategic Objective (2)​​​
Diversify GDP
​​Relevant Vision 2030 Objectives

Establish a unique logistic platform across three continents

Establish specific zones with competitive advantages to enhance investments

Develop tourism and entertainment sector

Saudize renewable energy sectors

Saudize industrial equipment sectors

Develop IT sector

Develop mining sector

Develop Oil & Gas sector

Key Performance IndicatorsBaseline2020 TargetUnitRegional BenchmarkInternational Benchmark
Total non-oil GDP1,422Under Study SAR Bn1,028.875,651.56
Non-oil GDP as a percentage of GDP58Under StudyPercentage (%)6984
Herfindahl Hirschman index
0.14Under StudyNumber0.0420.118

Strategic Objective (3)
Improve planning and implementation efficiency
Relevant Vision 2030 Objectives

​Achieve the highest levels of transparency and good governance in all sectors

Improve performance, productivity and flexibility of public authorities​

 

Key Performance IndicatorsBaseline2020 TargetUnitRegional BenchmarkInternational Benchmark
Percentage of non-performing projects3010Percentage (%)Under StudyUnder Study
Percentage of delayed projects7040Percentage (%)Under StudyUnder Study
Percentage of completed projects as per planCalculation In Progress50Percentage (%)Under StudyUnder Study
Percentage of public entities that achieved a high maturity level in performance measurement & management
10100Percentage (%)Under StudyNot Applicable

​​Strategic Objective (4)

Increase the efficiency of government subsidy programs
​​​​Relevant Vision 2030 Objectives

Enhance competitiveness of energy sector

Achieve budgetary balance

Develop the welfare system to be more efficient, fair and empowered

Key Performance IndicatorsBaseline2020 TargetUnitRegional BenchmarkInternational Benchmark
Value of water and electricity subsidy decrease0200SAR BnDecreasing diesel subsidy ​saved one billion SAR annuallyEfficiency in production increased when applying specific natural gas prices every 6 months to match market price
Percentage decrease in non-oil subsidy
020Percentage (%)Under StudyUnder Study

​​ Strategic Objective (5)​​
Grow the private sector​​
​Relevant Vision 2030 Objectives

Create an attractive environment for both local and international investors and enhance their confidence in our economy

Support national companies

 

Key Performance IndicatorsBaseline2020 TargetUnitRegional BenchmarkInternational Benchmark
Percentage of private sector contribution to GDP40.5Under StudyPercentage (%)

20

27

36.4
Value of private sector contribution to GDP993.3Under StudySAR Bn122.614,133.75

Strategic Objective (6)Activate the environmental dimension as a pillar of sustainable development ​
Relevant Vision 2030 Objectives

​Safeguard the environment and natural resources

 

Key Performance IndicatorsBaseline2020 TargetUnitRegional BenchmarkInternational Benchmark
​​​Ranking of KSA in the environment performance indicator (EDGI)
9550International Ranking

92

86

63

32

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