Saudi-French Business Council Reviews the Kingdom's Vision 203


Paris - 29 Jun 2016

Saudi-French Business Council held a meeting yesterday in Paris, in coincidence with the visit paid by the Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defense, with presence of a number of ministers and Chairman of Saudi Chambers Council and Chairman of the Saudi-French Business Council as well as Saudi and French businessmen in addition to representatives of French companies.
During the meeting, Dr. Majed bin Abdullah Al-Qasabi, Minister of Commerce and Investment, said that the Kingdom of Saudi Arabia decided to find various sources of income, pointing out that the Kingdom's vision 2030 is a catalyst and accelerator for development.
He added that the Kingdom Vision 2030 defines 15 years for measuring performance.
For his part, Dr. Ibrahim bin Abdulaziz Al-Assaf, Minister of Finance, pointed out the Kingdom's keenness on increasing non-oil revenues which are expected to reach balance by 2020.
He stressed that there is a focus on increasing local content, either in industry or services.
Eng. Abdurrahman bin Abdulmohsen Al-Fadhli, Minister of Agriculture, Water and Environment, stressed that the National Transformational Program aims to real partnership with the private sector.
He pointed out importance of taking advantage of the French experience in this field.
For his part, Majed bin Abdullah Al-Huqail, Minister of Housing, disclosed that the Kingdom Vision 2030 is interested in the housing sector and seeks to achieve three strategic goals, including helping the citizens obtaining housing, developing building industry and restructuring the housing sector.
In turn, Jean-Louis Osad, Chairman of the French Side of the Saudi-French Business Council, stressed that the French business sector follows with interest the initiatives and programs emanating from the Kingdom's Vision 2030.