Riyadh Ramadan 14 1442 AH corresponding to April 26, 2021 AD SPA
The most prominent Saudi newspaper headlines published today:
The Council of Economic and Development Affairs reviews the most prominent achievements of the Kingdom’s 2030 vision, five years after its launch.
– The Kingdom has made great efforts to combat malaria and raise awareness of it in various countries of the world.
– The Prince of Medina visits the imams of the Prophet’s Mosque.
– The Ministry of Culture participates in the meeting of the second working groups of the cultural track of the G20 summit.
– Ambassador of France to the Kingdom: The Historic District of Jeddah represents a long-standing heritage and an important cultural interface.
– To arrest 2 citizens and 5 residents who committed 7 crimes of assault on funds.
Pfizer vaccines are available in the governorates of the Hail region.
Riyadh Health: A high turnout for Pfizer vaccination centers.
– “Riyadh Health” continues its monitoring rounds to monitor violations of the precautionary measures.
– The Public Prosecution office clarifies the punishment for those who deliberately transmit Corona infection to others.
– 75 thousand beneficiaries from the service of occupying the chapels in the Prophet’s Mosque.
The arrest of a citizen who committed 9 burglary crimes in Jeddah.
– The countries of the world call for help to India in facing the “hurricane” of Corona.
Jordan suspends flights with India due to the high cases of Corona.
– London and Washington announce sending aid to India.
Newspapers focused on many files and issues in the local, regional and international affairs. “Al-Riyadh” newspaper stated in its editorial under the title (Gate of the Future), that we stand today at the threshold of an important historical and articulation stage, as it coincides with the passage of five years since the launch of the ambitious vision that The Custodian of the Two Holy Mosques King Salman bin Abdulaziz – may God support him – sponsored and purely supported the vision 2030, whose foundations and features were drawn up by His Highness Crown Prince Mohammed bin Salman – may God protect him – the godfather of this vision that came to touch the aspirations of this generation and subsequent generations. Benefiting from our outstanding and treasured treasures, whether in terms of energy in its derivatives or with regard to the strategic depth of the Arab, Islamic and international levels, as well as the deep and rooted cultural heritage of our country.
She indicated that those who follow what was achieved in our beloved kingdom since the launch of the vision five years ago notices that there is a remarkable historical achievement before us that makes us reassure about our future and the future of our generations, and perhaps the successes achieved in the response to the Corona pandemic invites joy, a sense of pride and distinction, and confirms that we are proceeding with our goals with confidence and competence. This epidemic that embarrassed major countries, our leadership confronted it with its well-known sophistication, dealt with this challenge, and made it an opportunity for achievement and proof of capabilities, which is an achievement and success that did not stop at the limits of reassurance, but rather developed radical solutions that constituted a civilized, scientific and human model in preserving the life of the citizen and resident. . A position higher than the value of the human being and entrenched the concept of true leadership that is caring for its people and their interests, foremost among which are their health, safety, security and stability.
She concluded: On the practical level, we have seen how our leadership has established the legislative environment that guarantees government transactions, and we have witnessed investment in government digital transformation. This was reflected in the smoothness of all transactions, and in light of such a climate and stimulating practical environments, we saw a doubling of growth and expansion in investment and others, and the area of investment opportunities increased dramatically, in contrast to national projects that would transfer our country to a legitimate future window in front of the world as an innovative environment incubating investment and human and cultural communication. . These achievements made during the lifetime of the vision’s launch have strengthened everyone’s confidence that the 2030 vision is our gateway to a smooth, confident future that promises growth and prosperity.
The newspaper “Al-Bilad” said in its editorial under the title (Security Achievements): The Kingdom’s decision to prevent the entry or transit of Lebanese vegetables and fruits from its territory, after thwarting the smuggling of more than two million drug pills hidden in Lebanese fruit shipments, embodies the wise leadership’s keenness on the safety of citizens and residents and follow-up. Close preemptive security network activities.
And it considered that the wise and firm decision met with great echo and support, especially in the Gulf countries, and in Lebanon whose authorities failed to take practical measures to stop these practices, despite numerous attempts to urge them to do so, and to give them more than one opportunity to obtain sufficient and reliable guarantees to stop the systematic smuggling operations against The Kingdom and taking serious and effective steps towards the parties or groups, specifically, Hezbollah, which controls the ports and ports in Lebanon and continues to trade and smuggle drugs to neighboring countries to target their societies with the evils of that scourge, as well as greatly harm the Lebanese economy.
She concluded: The Ministry of Interior in the Kingdom, with the generous support of the wise leadership, has been able to develop its work well-deservedly and has made great and tangible achievements in the field of digital and technical transformation and the development of human cadres, which qualified it to achieve more international positions in the field of combating crime, including obtaining a seat in the United Nations Committee. The United Nations against drugs and crime for the period 2022-2025, is also one of the countries most capable of combating that scourge and deterring its smugglers.
On another topic, Al-Eqtisadiah newspaper titled in its editorial (5 years … for progress and achievement the rest): With the fifth anniversary of Saudi Vision 2030, we must read what the Crown Prince said, describing the ambitious Saudi vision on more than one occasion, as a “bold and viable plan.” To achieve an ambitious nation and a land in the middle of the three continents of the world, where renewable energy alternatives are available, and generous wealth of minerals, and therefore we are not concerned about the future of the Kingdom, the vision is our way to double our capabilities through Aramco, the Public Investment Fund and our major Saudi companies and promising companies, and we will manufacture half of our military needs locally, and invest Our wealth is at home, to create more job and economic opportunities, while easing long bureaucratic procedures by developing electronic technical services, ensuring transparency and immediate accountability, and being one of the best countries in the world in effective government performance to serve citizens. “
And I considered that with these inspiring, constant, strong and solid expressions, we must stand to read the history, which depicts for us the extremely difficult economic situation at the first moments of the launch of the vision, as it was a major collapse in the oil markets in the middle of the last decade, and such a collapse and a serious decline in the state’s public revenues. He was a guarantor for the governments and leadership in any country to backtrack on their plans, but the directives of the Custodian of the Two Holy Mosques King Salman were firm and clear in this regard, so work under the leadership of Prince Mohammed bin Salman was carried out in harmony between reforming the gaps resulting from the shrinking public revenues as a result of the decline in oil prices, and work Ideally, on restructuring the government through the National Transformation Program, to start working directly on achieving the goals of the vision and the 12 programs.
It saw that the pledge of allegiance to Prince Mohammed bin Salman, Crown Prince, was in such blessed days, the cornerstone of the great transformation in the Saudi economy, and it is the most important juncture on the road to the success that has been achieved so far. Without a doubt, the challenge was enormous in the beginning. With the launch of the Vision’s programs, the most difficult program was the financial balance, which includes achieving financial sustainability, by maximizing oil and non-oil revenues, raising the efficiency of government spending and managing the risks associated with that, while maintaining adequate financial reserves. And a high and sustainable borrowing capacity from the local and international financial markets.
It considered that the matter was akin to challenging the economic realities with all their difficulties, as the oil markets were suffering from the loss of governance capable of controlling the performance of the entire market, not just OPEC members, and that the development of non-oil revenues required structural changes in public finances, production or restoration. Production of many systems, other than the modifications that may occur in one system or another even after approval.
She indicated that the concept of spending efficiency required special governance for a semi-independent monitoring office, through which dozens of actually stalled projects were stopped, and many other projects were reconsidered, of which the economic feasibility had not been sufficiently studied. The entry of Saudi public finances into the debt instruments market required substantial development, whether in the performance of public finances, or the form of the general budget, levels of disclosure and periodic announcements, and giving the markets a regular flow of information about deficit levels and reserves, in addition to developing the Saudi financial market to accommodate the offering. The huge variety of financial instruments and government bonds.
She added: During the past five years, the work was accelerating and the changes were wide-ranging, the government sector was restructured, the General Authority for Zakat and Income was established, and the tax on selected goods was included in conjunction with the development of customs. Oil, which reached a record level in 2020, jumping 182 percent in six years.
She noted that the economic events, which resulted from our crisis and the decline in oil prices, once again proved the success of non-oil revenue development plans and their ability to give the Saudi economy high flexibility to avoid international economic shocks. And as the Crown Prince indicated, in a previous interview, that the value of the non-oil GDP in 2016, that is, with the beginnings of the vision, was estimated at 1.8 trillion riyals, and as a result of the achievements made, the growth was accelerating 1.3 percent in 2017, and 2 .2 per cent in 2018, 3.3 per cent in 2019, and more than 4 per cent in the fourth quarter of 2019, then the contribution of the non-oil sector to the Saudi GDP “the Saudi economy” increased to 59.23 per cent in 2020 compared to 57.7 per cent. In the same period in 2019, what is the sector’s highest contribution ever, despite the pandemic. In accordance with Vision 2030, work began on reforming the labor market and providing more jobs for male and female citizens, and Vision 2030 set an unemployment rate of 7 percent in 2030 as one of its goals.
She explained that with the beginning of the vision, unemployment in 2018 was approximately 13 percent, to drop to 11 percent at the beginning of 2020. And it will be less than 7 percent before 2030, God willing. The vision set the housing program as one of its most important goals, and for the percentage of home ownership among Saudi citizens to be increased to 60 per cent, and at the beginning of the vision did not exceed 47 per cent, and today the target was reached with the housing ownership rate reaching the 60 per cent barrier, and the program contributed In the production of about 40,000 direct jobs, and more than 115 billion riyals in GDP.
She stressed that the housing program and financial balance are among the successful models for economic sustainability programs. The Public Investment Fund program represents an unprecedented success story. This story of success began with the restructuring of the fund and the reform of its governance at the direction of the Custodian of the Two Holy Mosques – who ordered the restructuring of its board of directors under the chairmanship of the Crown Prince, and five years after the launch of the vision, the Public Investment Fund became one of the main engines of the growth of the Saudi economy, and the size of the fund was doubled from 560 billion riyals to more than nearly 1.3 trillion riyals, and after the rate of return on investment did not exceed 2 percent in the best cases, the return became no less than 7 percent, with investments whose returns exceeded 70 percent, and others exceeded 140 percent. Cent.
And she added: Several months ago, the Crown Prince inaugurated the fund’s strategy for the coming years, which showed a sincere desire to achieve great economic ambitions for this country, by raising the fund’s assets to four trillion riyals, with the injection of at least 150 billion riyals annually into the local economy increasingly. Creating 1.8 million jobs, directly and indirectly, to raise the level of local content to 60 percent and contribute to the non-oil GDP of 1.2 trillion riyals.
And she concluded: With the difficulty of mentioning all the achievements, in one word or in one day, due to the many successes in developing the quality of life, through many projects in entertainment, tourism, environment and health. With the fifth anniversary of the vision, what the Kingdom witnessed within five years is an unprecedented historical transformation, and with tremendous efforts to restructure government sectors, merge ministries and create many bodies and work centers, while preserving best practices in governance and spending efficiency, and this has been achieved by raising the effectiveness of government performance. And the speed of decision-making, as it achieved diversification in the national economy and the production of many job opportunities. With these goals, Saudi Arabia launched Vision 2030 as an economic model to be emulated, now and in the future.
// is over //
07:34 PM CE
Riyadh Ramadan 14 1442 AH corresponding to April 26, 2021 AD SPA