The Saudi private sector has commissioned an international consulting firm to conduct a comprehensive study on the business environment and rising operating costs faced by commercial enterprises, sources told Asharq Al-Awsat.
The move aims to identify practical solutions to curb rising financial burdens on companies operating in the Kingdom.
According to the sources, the study will analyze key challenges in the business landscape stemming from higher operating expenses, which are increasingly affecting the sustainability and competitiveness of businesses in both domestic and international markets.
The Federation of Saudi Chambers (FSC) is expected to share the study’s findings with relevant authorities to support the development of more effective future policies.
The federation has called on all chambers of commerce to contribute to the cost of the study, underscoring its importance in supporting implementation and maximizing its impact on the commercial sector and member interests.
Since the launch of Vision 2030, the Saudi government has implemented wide-ranging reforms and introduced amendments to legislation, regulations, and policies. These efforts aim to identify and address obstacles facing the private sector.
Ministers and senior officials regularly meet with business leaders at the Federation of Saudi Chambers to outline government strategies and discuss the most pressing challenges confronting the private sector.
The federation works systematically to identify barriers through meetings and workshops designed to strengthen communication with government entities and facilitate problem-solving.
Vision 2030 underscores coordination among government bodies and national programs to enhance service quality for companies, improve the business environment, unlock underutilized economic sectors, and attract foreign investment.
The strategy highlights the importance of collaboration among the public, private, and non-profit sectors, as well as international partners, to achieve its objectives.
With a “thriving economy” as one of its three core pillars, Vision 2030 focuses on economic diversification, strengthening local content, and fostering innovative opportunities through an investment-friendly environment for both domestic and foreign investors.
