Cementing public-private sector partnership

The Council for Economic and Development Affairs believes that meeting and cooperating closer with members of the Council of Saudi Chambers (CSC) will build a more effective partnership between the public and private sectors. 
The mechanism envisaged entails at least one annual meeting between the council and representatives of the private sector, and at least two annual meetings between the council’s standing committee and representatives of the private sector.
The private sector will be represented by the CSC chairman and seven private sector representatives from different regions, diverse businesses and, preferably, on a rotation basis. 
The meetings will discuss private sector aspirations and ways of removing obstacles to commercial and industrial investments that hinder business progress.
"This will necessarily mean that the business sector will move forward to a new phase of comprehensive and balanced development that targets discussing the problems and aspirations of the business sector across the country," said a statement issued by the CSC. 
Meanwhile, CSC Chairperson Abdulrahman Al Zamil said one of the most important outcomes of the decision taken by the Council for Economic and Development Affairs is that it will strengthen the role of the council’s project management office, which will report periodically on the recommendations of the council meetings with representatives of the private sector, thus becoming a key element of modern administration in the Kingdom.
He stressed that all these measured, especially the proposed council-private sector cooperation, will strengthen the private sector’s confidence, shaken by the falling oil prices, which led to the decision to reform government at a rapid pace to which the private sector needs to adapt so that it can maintain its leadership in quality investments and keep up with the expectations of the objectives of the national transformation program 2020.

Source ; Arab News