Saudi Government Enables Private Sector to Engage In Major State Projects

Saudi Government Enables Private Sector to Engage In Major State Projects

The Saudi government is seeking to enable the private sector to contribute to state projects by designing a strategy that involves the Federation of Saudi Chambers and public agencies to stimulate and develop the economic sectors.

According to a recent report issued by the Federation of Saudi Chambers, coordination with government agencies contributed to improving the business environment and overcoming the challenges facing the sector.

The report revealed key government projects that supported the private sector, with the contribution of the Federation of Saudi Chambers, including raising the percentage of local content in mega projects, issuing the mining investment system, stimulating national exports according to incentive packages and government facilities, in addition to contributing to the franchise system and organizing the Saudi Center for Commercial Arbitration.

The Federation of Saudi Chambers is participating as a permanent member of the Business Environment Improvement Committee for the private sector, working to improve the regulatory and legislative environment for business affairs, creating innovative solutions to the obstacles facing the sector, and working to educate companies and institutions about the developments in the national economy.

The Open Ministerial Conferences is an initiative that falls within the national plan to stimulate the private sector, which aims to strengthen the