The "Development Projects... Reality and Aspirations" forum, organized by the Emirate of the Eastern Province and the Eastern Chamber, discussed the reality and future of investment projects and how to address stalled projects and develop urgent solutions for them...
The forum was recently opened by His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province.
investment projects
Chairman of the Board of Directors of the Eastern Chamber Abdulrahman bin Saleh Al-Attishan emphasized that development projects of all kinds have a large share of the total expenditures approved in the budgets of the past five years, that is, from 2011 until now, which amounted to about 1. 1 trillion riyals.2 trillion riyals, including new programs and projects and additional phases of some projects," he said, stressing that this is an approach pursued by our wise government based on an economic vision based on diversifying sources of income.
466 Riyals For his part, Minister of Municipal and Rural Affairs Eng.space">
He pointed out that education, training, science and technology programs accounted for nearly 1200 billion riyals, and 664 billion riyals were allocated for the development of basic equipment, which includes transportation, communications, municipal services and housing sectors, and about 444 billion riyals to spend on the development of health services and social development.
Involving everyone in the development epic, to raise the performance of government agencies and increase effective coordination between them under the umbrella of the Council of Economic and Development Affairs, which enjoys the wise leadership, which will increase the efficiency of development projects and open new areas of integration between the various government sectors on the one hand and the private sector on the other in promoting the development of the country on the basis of economic feasibility and rational response to the requirements of development.
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Development Sector Development
In conclusion, HRH Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province, delivered a speech in which he stressed that supporting the developmental role of the private sector in the Kingdom in general and in the Eastern Province in particular receives attention, follow-up and encouragement in all programs and activities that contribute to the development of capabilities, resources and components and enhance the economic role of this sector, which has the greatest burden of development, especially with the renewed economic vision of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may God protect him - by diversifying the national economy base.
He said that development projects are a key factor in maintaining the sustainability and stability of economic growth, as they are the best ways to attract foreign investments and localize national capital, noting that in line with this rule, the state, led by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz , has paid great attention to infrastructure projects, embodied in increasing financial allocations for them every year. His Highness said.
Stalled projects
The forum discussed through its sessions the main themes, most notably the stalled development projects, causes and solutions, as well as successful experiences in development projects and the importance of development projects and their role in economic development.The forum highlighted the strategic objectives and their role in economic development, reviewed the best experiences of companies that presented successful projects, highlighted the causes of stalled and delayed development projects, in addition to identifying the best ways, means and solutions to overcome the stalled projects in the future.
