Saudi authorities have called on the local private sector to report challenges facing companies and institutions in the Saudi market.
Since the launch of Vision 2030, the Saudi government has been seeking to identify and address the difficulties facing the private sector to enable it to play a vital role in advancing the national economy.
According to information available to Asharq Al-Awsat, Aug. 10 was set as the deadline for receiving reports on the obstacles facing local companies and institutions.
The Saudi government is launching many economic reforms, including amending legislation and regulations for a better business environment in the Kingdom.
These reforms have contributed to raising the quality, efficiency and digitization of government services provided to the private sector, in addition to the establishment of many programs, initiatives, financing funds, business incubators and accelerators.
The government is working to accelerate the pace of the private sector business and raise its contribution to the GDP to 65 percent by 2030.
The Federation of Saudi Chambers periodically assesses obstacles facing the private sector, through meetings and workshops that are aimed at facilitating communication with government agencies.
The Kingdom’s Vision 2030 ensures the integration and coordination of efforts between its programs and government agencies to raise the quality of services available to companies and institutions, facilitate the business environment and promote unexploited economic sectors, in addition to attracting foreign investments.
