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The SAGIA played a key role in Saudi Arabia's Vision 2030 initiative, which focused on economic liberalization, foreign direct investment, and economic development. [7] In 2017, SAGIA launched Tayseer program, aimed at improving the investment climate for private companies. [8] SAGIA has signed a number of major non-oil investment agreements. [7]
The program is adopted and implemented by The Ministry of Labor and Social Development. [1] Through the programme, citizens in Saudi Arabia get monthly payments from the state. Saudi Arabia is doing many reforms to reduce the country's dependency on oil revenues , but many of these reforms have overburdened some citizens.
This is a list of ministries of the Government of Saudi Arabia. [1] List. Ministry Minister Founded ... Ministry of Investment: Khalid A. Al-Falih: 2020 misa.gov.sa ...
As of 2020, Saudi Arabia has been ranked fifth globally, and first in the Arab world, for its provision of humanitarian aid. [14] According to the UN Financial Tracking Service platform, Saudi Arabia contributed SAR 4.8 billion (US $1.2 billion) or 5.5% of the total amount of international spending on relief programs.
The Ministry of Economy and Planning (MEP) (Arabic: وزارة الاقتصاد والتخطيط) is one of the governmental bodies of Saudi Arabia and part of the cabinet. The ministry has the function of developing and implementing five-year plans which reflect the long-term economical targets of the country.
Saudi Arabia ranked well worldwide in the ease of getting credit in Doing Business report 2011, its rank moved up from 69th to 46th place. [12] In 2004 Saudi Arabia's public registry cut the minimum loan size for collecting data substantially from 5 million riyals to 500,000, almost doubling the number of borrowers recorded. The bureau was set ...
Crown prince of Saudi Arabia Mohammad bin Salman launched the National Transformation Program to fulfill part of the goals set by the Vision 2030 program. [3] On 22 December 2016, the Saudi government announced the NTP's Citizen’s Account Program, an update to the method of offering government subsidies for gasoline, electricity and high-cost ...
The National Development Fund (Saudi Arabia) (Arabic:صندوق التنمية الوطني) is a sovereign wealth fund of Saudi Arabia that was established in October 4, 2017. The fund aims to advance the performance of development funds and banks in Saudi Arabia as well as empower development funds and banks to better fulfill development ...