The Riyadh Economic Forum has come a long way in its arrangements to hold its eighth session during November 2017, after intensive discussions and meetings attended by 186 participants from interested parties, specialists, academics, businessmen and women. The studies approved by the Board of Trustees cover five important themes including \u201cinfrastructure, human resources, the business sector, legislation, policies and procedures, and natural resources.\" The studies cover five important themes including \"infrastructure, human resources, the business sector, legislation, policies and procedures, and natural resources.<\/p>\n
Recommendations and initiatives to develop the economy <\/strong><\/p>\n The Economic Forum is launched amid great challenges to achieve the strategic objectives of the Kingdom's Vision 2030 and the directions aimed at creating a developmental renaissance by diversifying the sources of income by taking advantage of the Kingdom's great economic and investment advantages and capabilities. The studies 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, in addition to providing recommendations and initiatives that help develop the sectors that are subject to the Kingdom.<\/p>\n Diagnosing and Addressing Challenges <\/strong><\/p>\n \u00a0It aims to diagnose and address 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, providing an opportunity to open new areas of investment as well as revitalizing the capital market for the return of Saudi funds invested abroad. .<\/p>\n Human productivity<\/strong><\/p>\n In the area of human resources, a study on \"Measuring and Raising Human Productivity in the Saudi Economy\" was selected. Its importance stems 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 identifying mechanisms to raise the productivity of the human element in the local economy.<\/p>\n The role of the private sector<\/strong><\/p>\n The studies also include an interest in knowing the role of the private sector in the Kingdom's vision. A study will be presented on the role of the private sector in achieving the goals of the Kingdom's future vision 2030. 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.<\/p>\n The legislative system and the economy<\/strong><\/p>\n 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 (the 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 it faces, as well as evaluating existing legislation to identify shortcomings and the effects that resulted from this, and researching the reasons why some legislations are not activated.<\/p>\n Value-added increase<\/strong><\/p>\n As for the natural resources axis, a study entitled \"Increasing Added Value by Exploiting and Stimulating Investment in the Mineral Wealth Sector\" was selected, which aims to identify the guidelines for increasing industrial and service added value in the mineral wealth sector, through optimal utilization of resources in a sustainable manner, to achieve the goal of diversifying sources of income, freeing the economy from dependence on oil as the only source of revenue, and identifying ways to develop the mining industry in the Kingdom and exploiting modern technical developments to create new industries based on inexhaustible resources with added value.<\/p>\n ","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>\u0642\u0637\u0639 \u0645\u0646\u062a\u062f\u0649 \u0627\u0644\u0631\u064a\u0627\u0636 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0634\u0648\u0637\u0627\u064b \u0628\u0639\u064a\u062f\u0627\u064b \u0641\u064a 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