Measured GROWTH
As the biggest pension agency in the region, PPA has one eye on developments in the Kingdom and the other on PPPs.
Since its formation, PPO has been able to stimulate the private sector by facilitating the implementation of 18 strategic projects that have a substantial socioeconomic impact and are expected to play a major role in stimulating the national economy. The contribution of these projects during the 2018-2023 period may reach SAR26 billion in investment, leading to the creation of around 10,000 temporary jobs and 7,000 direct, sustainable jobs. We forecast this to boost Saudi exports and reduce our dependence on imports. Equally important, foreign investors will bring with them technology and knowhow, lifting the local industry and supporting strategic sectors. PPO operates in a fast-paced environment; our team receives, evaluates, and resolves cases within a timely manner. We complement all governmental entities, meaning we do not attract investment or issue licenses. We look at issues and consider the most appropriate way to present them to the public sector so that they can be resolved in the most effective and efficient manner. We have made a name for ourselves by helping the government solve landmark cases involving multiple ministries. We work hand-in-hand with investors to resolve their major issues.
MAJED H. AL SAADI What role do the economic cities play in Saudi Arabia’s transformation?
announcement of new megaprojects. The size and structure of such projects are different, but these are well defined zones that will enjoy specific regulatory or financial advantages compared to the base economy.
What are your strategic priorities and ambitions, and what is your message to global investors?
Within a short time, we have gained the maturity that gave us a view of what needs to be done to support the private sector. We consider ourselves a trusted entity that can advise other public-sector entities on the necessary adjustments or new regulations covering certain areas, for example in the digital sphere. In the coming years, the public and private sectors will collaborate on several megaprojects; this is where we come in at the forefront to provide concierge services. We seek to assure foreign and international companies that with Vision 2030, everyone will get the treatment they should and deserve, and there is a team of experts serving investors to remove obstacles so they can proceed with their investments. By listening to more problems, we will be able to find more great solutions.
MHAS Why should investors invest in King Abdullah Economic City (KAEC)?