Riyadh Economic Forum.
Recommendations and initiatives to develop the economy
The Economic Forum is launched amid great challenges to achieve the strategic objectives of the Kingdom's Vision 2030 and the directives aimed at creating a developmental renaissance by diversifying sources of income by taking advantage of the advantages and great economic and investment capabilities that characterize the Kingdom, and studies have focused on achieving the aspirations of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz - may God protect him - in drawing the features of a prosperous nation and providing all the services needed by the citizen by giving the private sector the opportunity to be an active participant in creating sustainable economic development, besides providing recommendations and initiatives to help in the development of the economy, in addition to providing recommendations and initiatives that help in
Diagnosing and addressing challenges
A study entitled (Diagnosing and addressing the current challenges facing the private sector to participate in infrastructure investment and operation) has been dedicated to diagnosing and addressing the current challenges facing the private sector to participate in infrastructure investment and operation in a commercial manner by means and means previously agreed upon between the public and private sectors, in addition to achieving economic efficiency and reducing the burden on the government, and providing the opportunity to open new areas for investment as well as activating the capital market to return Saudi funds invested abroad.
The study aims to identify and address the current challenges facing the private sector in investing in infrastructure and operating it in a commercial way by ways that have been previously agreed upon by the two sectors in addition to achieving economic efficiency
Human Productivity In the human resources axis, a study was chosen (measuring and raising the productivity of the human element in the Saudi economy) and its importance gains from the fact that raising productivity rates is one of the basic components of the economic and structural reform programs that the Kingdom is currently working on at the macro level, and its objectives are limited to working to identify mechanisms to raise the productivity of the human element in the local economy.
Role of the private sector As the studies include interest in knowing the role of the private sector in the Kingdom's vision, a study will be presented (the role of the private sector in achieving the goals of the future vision of the Kingdom 2030) and its importance stems from the fact that it is the first of its kind to address the extent of the sector's readiness to participate in achieving the goals of the future vision, which is expected to play a leading role in achieving them. Legislative System and Economy Based on the state's directives to provide a stimulating environment for economic development and attract more investments, the legislations, policies and procedures axis will present a study (legislative system related to economic development), which gains its importance by seeking to integrate the legislative system in order to facilitate and stimulate economic development and address all the obstacles and challenges facing it, as well as evaluating existing legislation to identify shortcomings and the effects that resulted from that, and researching the reasons for not activating some legislations. The legislative system and the economy is expected to take the lead in achieving it.
Value Added Increase As for the natural resources axis, a study entitled (Increasing Value Added by Exploiting and Stimulating Investment in the Mineral Wealth Sector) was selected, which aims to identify the guidelines for increasing the industrial and service value added in the mineral wealth sector, through optimal exploitation of resources in a sustainable manner, to achieve the goal of diversifying sources of income, freeing the economy from dependence on oil as the sole source of revenue, identifying ways to develop the mining industry in the Kingdom and exploiting modern technical developments to find new industries based on inexhaustible resources with added value. As for the natural resources axis, a study was selected to examine the reasons for not enacting some of the legislations, as well.
