Vision 2030: Leading role for Economy and Planning Ministry

Published on Wednesday, 8 November , 2017 105 Views

Government

#Saudi Arabia #Vision 2030

The Ministry of Economy and Planning (MEP) will be treated as the “Mother of all Ministries” because it will play the most important role in achieving the goals of Vision 2030.

According to the governance framework of the Council of Economic and Development Affairs (CEDA), the MEP will support other ministries and government bodies with executive and strategic planning.

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It is this ministry which is developing the programs for four sectors — human development, health care, community empowerment and labor force, local media reported.

Each ministry will have to work 336 hours in 14 days.

The ministries include justice, energy, industry and mineral resources, health, economy and planning, municipal and rural affairs, Haj and Umrah, labor and social development, commerce and investment, transport, telecommunication and Information technology, civil service, information and media, water environment and agriculture and education.

Each minister bears the responsibility of solving executive problems that obstruct advancement according to his authority.

If the minister is unable to solve problems or if the problems are outside his authority, the strategic administrative department of CEDA takes over the responsibility.

The MEP works to coordinate between sectoral and district plans of ministries as a central point to facilitate collective efforts to achieve social and economic goals and provide direct services to government employees and other government bodies that offer services to citizens.

The ministry coordinates efforts to achieve the priorities of the vision.

The framework obliges the ministries of labor and development, commerce and investment, and economy and planning to activate the role of small establishments through funding and encouraging financial institutions to increase the rate of funding by 20 percent.

The framework encourages financial institutions to support the retail sector during the next five years, and add a million job opportunities in the modern retail sector with the participation of a number of modern local, regional and global trade marks.

The framework aims to raise the rate of modern trade in the retail sector to 80 percent by attracting global and regional merchants and ease restrictions related to property and foreign investments.

http://www.arabnews.com/

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Keywords: Saudi Arabia Vision 2030
Category Government | 2017/11/08 latest update at 2:00 AM
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