In order to build the intuitional capacity and capabilities needed to achieve the ambitious goals of “Saudi Arabia’s Vision 2030”, the National Transformation Program 2020 has been launched across 24 government bodies operating in the economic and development sectors. The Programme will run from 2016 to 2020.
Within the first year, 543 initiatives have already been approved. The overall programme cost for the government is around £54 billion, 40% of funding expected is come from the private sector.
– Strengthening partnerships with the private sector
– Creating more than 450,000 non-governmental jobs by 2020
– Maximising Local Content and reducing dependence on imports across all sectors
– Develop the digital infrastructure, activate economic sectors, support industries and private sector entities, and advocate for the development of public-private business models. This is the overarching theme of digital transformation
In order to achieve these core objectives, the National Transformation Programme identifies three improvements that need to be made to increase the level of professionalism in Saudi: transparency, institutionalisation and specialized support.
– Phase One: Identifying the Challenges Faced by Each Government Entity in Fulfilling the Vision and Establishing 2020 Interim Targets
– Phase Two: Developing Initiatives Designed to Reach the Strategic Objectives
– Phase Three: Developing Detailed Implementation Plans for the Initiatives
– Phase Four: Promoting Transparency in the Publication of Targets and Outcomes
– Phase Five: Auditing, Continually Improving, Launching New Initiatives, and Adding New Participating Entities