​The Chairman of the Asharqia Chamber: The allocation system is a certificate of confidence that the private sector is sufficiently qualified to manage government assets​​

​The Chairman of the Asharqia Chamber: The allocation system is a certificate of confidence that the private sector is sufficiently qualified to manage government assets​​

The Chairman of the Board of Directors of the Asharqia Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the Cabinet's approval of the privatization system, on Tuesday, March 16, 2021, stressing that (a certificate of confidence in the capabilities of the private sector in this generous country, and that it is sufficiently qualified to manage government assets), The privatization system strengthens more than the role of the private sector in developing the national economy and indicates its demand for many huge investment opportunities, and on the other hand it enables the government to focus its tasks on legislative and regulatory roles, extending its thanks and appreciation to the position of the Custodian of the Two Holy Mosques and His Highness the trustworthy Crown Prince for this great confidence in the ability of the private sector to take responsibility

Al-Khalidi said that making government assets available to investors undoubtedly improves the quality of services provided to citizens and residents, gives them all the features that characterize the private sector, contributes to reducing their costs and increases their revenues and that it goes in line with the goals of Vision 2030, which Among its main programs was the privatization program, pointing out the need for the private sector to be at the level of the event, and not be satisfied with what it has reached, and not stop at the accomplishments that have been achieved, but rather it must develop its tools, as the promulgation of the new system places a great responsibility on it.

Al-Khalidi stressed the availability of infrastructure (legal, regulatory and construction) in support of the privatization option, which is an important strategic option that will contribute to raising the level of services, increase the private sector’s contribution to the GDP, and support the state’s continuous efforts towards diversifying the base of the national economy. Pointing out that the privatization system is an important step, followed by the regulation, control and determination of the foundations for the completion of partnerships between the government and the private sector, and the provision of attractive investment opportunities, and thus more job opportunities for the national workforce.