The Kingdom of Saudi Arabia has taken a qualitative leap by relying on the private sector to drive and operate investments in government sectors; after the Council of Ministers approved the privatization system in 16 government sectors; which strengthened the role of the private sector in providing services through partnership with government assets that the state has set in its sights, making competition between companies intense, and this certainly means more quality and professionalism in implementing tasks and providing services at lower costs.
Privatization system.
According to the statement of the General Authority for Statistics, the private sector contributes more than 50% of the GDP, which in turn encourages the state to move forward in the policy of economic diversification, comprehensive development, and improving the level of public services provided to the citizen. According to press sources, 38 government entities will be prepared within two years for privatization, in addition to educational universities and specialized hospitals.
The privatization will not be limited to the Saudi private sector; it will open its doors to foreign companies to invest in thirteen service ministries, in addition to the privatization of other government agencies, and from here it is necessary to highlight what is required from private sector companies to be ready to fight this competition, whose standard will be "survival of the strongest and most worthy".
The golden opportunity prompted by the privatization initiative requires tremendous work within the companies, by attracting competencies and expertise in order to achieve the goals and objectives, primarily the creation of modern operational systems that help in providing high-end and fast services, the ball is now in the court of the private sector; will it succeed in this test?
