{"id":30973,"date":"2021-03-23T12:10:06","date_gmt":"2021-03-23T09:10:06","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=30973"},"modified":"2021-03-23T12:10:06","modified_gmt":"2021-03-23T09:10:06","slug":"%d8%a7%d9%84%d8%ae%d8%b5%d8%ae%d8%b5%d8%a9-%d8%a7%d9%84%d8%a8%d9%82%d8%a7%d8%a1-%d9%84%d9%84%d8%a3%d9%82%d9%88%d9%89","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/30973\/","title":{"rendered":"Abdulaziz Al-Issa writes: Privatization. Survival of the strongest"},"content":{"rendered":"

Saudi Arabia made a qualitative leap by relying on the private sector to drive and operate the investment wheel in government sectors; after the approval of the esteemed Council of Ministers. Personalization system<\/a> In 16 government sectors; this strengthened the role of the private sector in providing services through partnerships with state-owned assets that God has favored, which makes the competition between companies intense, and this certainly means more quality and professionalism in the execution of tasks and the provision of services at lower costs.<\/p>\n\n\n\n

According to the General Statistics Authority, the private sector contributes more than 50% to the national output, which in turn encourages the state to continue its policy of economic diversification, comprehensive development, and improving the level of public services provided to citizens. According to press sources, 38 government entities will be established within two years for allocation, in addition to educational universities and specialized hospitals.<\/p>\n\n\n\n

And the allocation will not stop at The Saudi private sector<\/a> Only; it will open its doors to foreign companies to invest in thirteen government services, in addition to the privatization of other government entities. Therefore, it is necessary to highlight what is required from private sector companies so that they are ready to engage in this competition, whose constant criterion will be \u201csurvival of the fittest and most worthy\u201d; therefore, no matter how strong the private sector is, it must reorganize itself to keep pace with these changes that will shape the modern economic reality. It is expected that this will be accompanied by new alliances and partnerships between national and global companies, which will increase employment opportunities, which in turn requires a different analytical perspective in reading the scenario. In turn, government entities will begin drafting new legislation for the next and crucial phase of the 2030 Vision.<\/p>\n\n\n\n

The golden opportunity provided by the privatization initiative requires tremendous work within companies, by attracting talent and expertise to achieve the objectives and goals, foremost of which is creating modern operational systems that help provide high-quality and fast services. The ball is now in the private sector\u2019s court; will it succeed in this test?<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>Saudi Arabia has made a quantum leap by relying on the private sector to drive and manage investments in government sectors; This followed the Cabinet\u2019s approval of a privatization scheme across 16 government sectors, which has strengthened the private sector\u2019s role in delivering services through partnerships with government assets\u2014a goal that the state, may God support it, has set as its priority, thereby fostering competition between\u2026 Read more<\/a><\/p>","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"\u0627\u0644\u062e\u0635\u062e\u0635\u0629 .. \u0639\u0628\u062f\u0627\u0644\u0639\u0632\u064a\u0632 \u0627\u0644\u0639\u064a\u0633\u0649 \u064a\u0643\u062a\u0628 \u0639\u0646 \u0627\u0644\u062e\u0635\u062e\u0635\u0629.. \u0648\u064a\u0624\u0643\u062f 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