Summary of the proclamation of the Saudi Crown Prince
The capacity of the Saudi Public Investment Fund, which is at the helm of development, will be increased to four lakh riyals. At least 150 billion riyals will flow into the Saudi private sector every year to activate the country's private sector. This will create 18 lakh direct and indirect jobs. Non-oil revenues to GDP will increase to Rs 1.2 lakh crore. This is the proclamation of the Crown Prince.
Changes in 13 areas
1. Aviation Defense Zone- This will include manufacturing, maintenance and allied services to the defense sector in Saudi Arabia itself.
2. The vehicle manufacturing sector will be strengthened. Made fewer vehicles in Saudi Arabia.
3. Saudi Arabia will become one of the global hubs for freight forwarding. The necessary infrastructure will be set up.
4. Saudi Arabia will become the global hub of the halal food distribution sector. For this, the agricultural sector will be strengthened.
5. Empowerment of the real estate sector. For this, there will be a special plan for the support required in this area.
6. Projects in the field of tourism, recreation and sports. This region will have the biggest leap in Saudi Arabia. Local tourism projects will quadruple. Projects will be completed in collaboration with global companies in the field of sports.
7. Saudi Arabia will be made a currency-free country. Electronics class transactions will be completed in stages. The plan has been prepared in collaboration with the Saudi Reserve Bank.
8. Completion of major residential projects such as the Neom, Red Sea Project, Khiddiyah and Rushan.
9. The renewable energy sector will be activated with the aim of global warming and global protection. Will create carbon-free cities. Plans will be launched within Saudi Arabia for this.
10 . Investment and development in the mining sector. After the oil and gas sector, Saudi Arabia has the largest number of projects in this area.
11. The health sector will be dismantled. A special action plan will be prepared for this.
12 . Supports online trading networks including Noon. It will revolutionize the field of e-commerce.
13 . Telecom will elevate the media technology sector to global standards. The standard of living will also become a part of this. The project opens up huge employment opportunities for both locals and foreigners.
The Crown Prince has announced that Saudi Arabia will undergo a complete transformation in five years. The Crown Prince said that more than three lakh jobs have been created through the big projects launched last year.
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