Saudi Economy Ministry, Mukatafa sign MoU to help private sector align with Vision 2030  

Saudi Economy Ministry, Mukatafa sign MoU to help private sector align with Vision 2030  

RIYADH: Saudi Arabia’s Ministry of Economy and Planning has partnered with Riyadh-based private consultancy firm Mukatafa to improve the Kingdom's development plans and enable sustainable growth.

As part of the memorandum of understanding signed, both entities will work toward evaluating and aligning governmental policies with the goals of Saudi Vision 2030.

Mukatafa, founded by Prince Waleed bin Nasser, works within the private sector to mobilize leaders and raise industry standards by reviewing and developing policies.

The MoU is aimed at supporting the private sector by analyzing challenges, accomplishments, and potential opportunities in the Kingdom. It will also enable cooperation in identifying solutions to achieve robust results.

Both will collaborate on developing research, studies, reports, and indicators targeted by the ministry and linked to sectors represented by Mukatafa that meet both parties’ objectives.

The agreement also includes publishing surveys among the ministry’s target segments, which also fall within the scope of associations covered by Mukatafa.

It will also include coordination between key government agencies and representatives from the private sector. They will hold semi-annual workshops to address the most pressing concerns and potential solutions to reinforce the relationship with the private sector and increase market efficiency.

The cooperation will include holding quarterly meetings where representatives from the ministry