The Council of Economic and Development Affairs launched on Thursday the “Quality of Life Program 2020”, which is one of the vision realization programs of 2030, with a total expenditure of SAR 130 billion.
According to a report published by Saudi Press Agency (SPA), the program comes as a “continuance to the operational Programs that were launched to support the achievement of the 2030 vision, as well as, to strengthen the cornerstones in the Kingdom.” The implementation plan of (Quality of Life Program 2020) reflects the vision of the government of the Custodian of the Two Holy Mosques and His Crown Prince to prepare the required environment to improve individuals and families’ lifestyle.
In addition, to promote new options that enhance participation in cultural, entertainment, sports and other appropriate activities that contribute to the quality of life, job creation, as well as, to encourage investment opportunities, and diversifying economic activities, while enhancing the status of Saudi cities in the ranking of the best cities in the world.
Total expenditures in the sectors related to the quality of life program 2020 up to 2020 reaches to 130 billion riyals (34.6 billion dollars), of which 74.5 billion riyals (19.8 billion dollars) total direct investments in the program.
The government capital expenditure is more than 50 billion riyals (13.3 billion riyals) until 2020, and investments available to the private sector around 23.7 billion (6.3 billion dollar) for the same period through 220 initiatives adopted by the program up to 2020.
SPA added the launch of Quality of Life Program 2020 follows the efforts of the Crown Prince and Chairman of the Council of Economic and Development Affairs to achieve the objectives of the Kingdom’s vision 2030.
The 2020 Quality of Life Program also aims to achieve non-oil Gross Domestic Production growth in the related sectors by 20 percent per year until 2020, and the contribution of local content in the relevant sectors by 67 percent until 2020. (end) od.mb
SOURCE : ALBILAD
