Middle-east Arab News Opinion | Asharq Al-awsat

Saudi Chambers of Commerce to Boost Private Sector Role in Privatization Program | ASHARQ AL-AWSAT English Archive 2005 -2017
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Construction cranes are seen outside the Grand Mosque in the holy city of Mecca, Saudi Arabia . Picture taken January 17, 2016. REUTERS/Amr Abdallah Dalsh

Riyadh – Saudi Chambers of Commerce and Industry are working towards the establishment of a proper mechanism to integrate private sector companies into privatization programs launched by the Kingdom within the framework of Saudi Vision 2030.

A series of workshops and studies were recently launched by the chambers of commerce and industry to discuss the means to promote the role of the private sector in upcoming privatization programs, which would start with the country’s major infrastructures, including airports.

Well-informed sources told Asharq al-Awsat newspaper on Monday that the Saudi ministry of commerce and investment has expressed its readiness to provide the chambers of commerce with the required skills and information to boost up the implementation of programs within Saudi Arabia’s Vision 2030.

The sources added that the chambers of commerce would ask the government for more flexibility on the country’s legislations in order to overcome challenges facing the private sector.

Shura Council Member Dr. Hatem Al-Marzouki said that a new study was launched to identify and resolve current challenges facing the involvement of the private sector in national investments and infrastructure projects.

He added that efforts were underway to promote the role of the private sector in line with the National Transformation Program within Saudi Vision 2030.

Al-Marzouki noted that the study aims at alleviating the burdens sustained by the Saudi government and creating new income sources away from the oil-based industry.