From Alyaum News - Following the Cabinet’s approval on the Mandate of the Center for Strategic Development, the Center is mandated to identifying actionable objectives, policies and programs, to ensure economic development within the local and global contexts, through effective implementation of economic development policies and plans, as well as providing the necessary advisory services and studies to the public and private sectors to address the relevant development issues.
“The Center for Strategic Development is a key contributor to the national-level socioeconomic development, as an advisory think-tank engaged in policy-oriented research and advice.
The Center for Strategic Development will collaborate with all ministries to provide timely and rigorous information to secure the right decisions in order to assist all concerned ministries in their national transformation process.”, state economists to Alyaum News.
From his part, the renowned economist Dr. Loay Al-Tayar hailed the Cabinet’s approval to establish the Center for Strategic Development, which will help enhance the Saudi economic development and be the key player in monitoring the ministries in their implementation of the economic plans and policies stemming from the 2030 Vision.
As well, the Center for Strategic Development is expected to ensure economic development within the local and global contexts, while providing research and advice that help enhance both the public and private sector.
These advisory services will overcome the barriers facing ministries.
The Center for Strategic Development will also monitor and follow up the plans developed by the ministries charged with the national transformation in line with the 2030 Vision, and their respective implementation tools.
Also, the Center for Strategic Development will provide views, propositions and advice to make the right decision.
The Center for Strategic Development reports directly to Economical and Development Affairs Council. In addition, Dr. Abdullah Al Maghlouth - member of the Investment and Securities Committee, Riyadh - stated, “The Cabinet’s approval to establish the Center for Strategic Development will provide further solutions to overcome such challenges as facing all programs designed to achieve economic development objectives via initiatives and studies primarily undertaken to secure the Kingdom’s goals through its 2030 Vision.
” For Dr. Al Maghlouth, the Center for Strategic Development will have an extensive national impact.
“Over the coming five years, the achieved indicators - which may encounter some challenges - will require certain economic intellectuals who will develop studies and advices to overcome such challenges.
As well, through this period 2020, we will need annual follow-up to ensure these indicators on government performance and services.
In fact, the Center for Strategic Development is highly important due to the dire need for ongoing advice and studies, given the huge change in the Kingdom’s economic policy from oil-based to diverse resources and optimal investment in all fields.
In this regard, the Ministry of Finance pointed out that oil revenues are expected to reach SR 530 billion in 2020.
Given these positive indicators in all sectors, while comparing local prices to international ones, prices are expected to move following the international context every three months; thus, making the Cabinet’s decision to establish the Center for Strategic Development vital in this transitional stage.”, asserted Dr. Al Maghlouth.
He also said that the joint action program covers the engagement of 24 government agencies to ensure successful transformation.
In other words, there 543 initiatives through 24 agencies to achieve these objectives.
The National Transformation Program seeks to enhance the percentage of women employment in government jobs by 42%, reduce the disparity between salaries and compensations, in addition to reducing the time-to-water delivery from 68 to 30 days, as well as investing in renewable energy.
The private sector funds 40% of the government spending on transformation initiatives.
He also stressed that non-oil revenues have increased by 225% (SR 530 billion), pointing out that the Ministry of Hajj and Umrah is setting up the hospitality industry to serve pilgrims, Umrah performers and visitors through creating job opportunities for citizens all the yearlong, rather than a seasonal work.
“This is a positive step welcomed by citizens looking for work in this field.”, stated Al Maghlouth.
Furthermore, he said; “There is a golden opportunity before the private sector to be engaged in development and play a great role through this transformation. It also can take up projects to serve this transformation program.
In fact, many Saudi firms are looking forward to be part of this real program which will serve our community and fellow citizens.
Such privatization will reduce the burden on our Kingdom and give ample opportunity to Saudi companies.
Privatization of government assets will help improve performance, enhance competitiveness, ensure both efficiency and effectiveness and provide optimal services to citizens.”
In that vein, Dr. Salem Baagagah - professor of Economics at Taif University - stated; “This Center – the Center for Strategic Development - is highly important as it conducts advisory studies to identify actionable objectives, policies and programs.
Each ministry and government agency will be required to seek the Center for Strategic Development’s assistance, provide the primary information for further research and vision development which would be actionable through 2020.
The Center for Strategic Development will help ministries through their respective transformation initiatives, to secure economic development in accordance with the adopted socioeconomic development strategies; covering all government and private sectors to address all development issues.
As well, Ahmed Bahabeel - financial analyst - asserted that setting up the Center for Strategic Development will produce more laws and regulations which will ensure seamless implementation of the Saudi 2030 Vision.
The Center for Strategic Development is expected to find solutions for challenges, forwards the right propositions and advices, develop an integrated portfolio to present view, to narrow the divergencies in views and to get the needed data accordingly.
Hence, collaboration between national transformation-related agencies and the Center for Strategic Development will create solutions to such challenges put before the Center for Strategic Development, then have them discussed by the Economical and Development Affairs Council for decision.
After that, the right decision will be taken.
Bahabeel also stated the importance of information provided to the Center for Strategic Development by the concerned sectors and its vital role in supporting decision-making, developing the advisory informatics field to keep and set the right options to overcome all barriers that may face ministries and the private sectors expected to transform the Kingdom into the global economy.
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